Wes Edens: Re-inventing the Rail Transport

Wes Edens is a renowned philanthropist and Fortress Investment LLC co-founder. He was born in October 1961 in United stated and he is blessed with four children together with his wife Lynn Edens. Wes Edens is also the owner FlyQuest sports team and co-owns the Wisconsin based National Basketball Association franchise called Milwaukee Bucks. Wes Edens started his working career in 1987 with Lehman Brothers as a Managing Director and later proceeded to BlackRock’s private equity. His experience has enhanced his expertise in private equity and refined his investment style. He was recognized by the Wall Street Journal in 2007 as one who uses creative financing aspect to raise investments for building businesses.

Wes Edens is also an owner of Brightline trains that is based in Miami. This is a railway company of high-speed rails and plans on extending to Florida. To achieve this, Wes Edens plans on purchasing the railway company named Xpress West that links Las Vegas and Northern California. The rail project is currently under the ownership of Tony Marnell. Virgin Trains USA LLC and Brightline are coming together in efforts to change the narrative of the train in the United States. Railways were a common mode of transport in the country buy the glory is easily losing its course. Though people still use them, they are not excited by the services offered on transit.

Richard Branson and Wes Edens are looking to convince investors to join them to change this narrative. To this effort, Virgin Trains have opened up an initial Public Offering looking to raise $500M that will see it extend the previously known Brightline trains to Orlando. The trains will now reduce the journey from Miami to Orlando to close to three hours. In an era of technology, investment in railroads is not easy to raise. However, Virgin Trains brand offers leverage in exchange of a stake, return fees and cross selling opportunity. Transport by road is a cause of pollution to the environment, causes delays due to traffic and easily susceptible to accidents. Wes Edens idea to connects cities that are too long to drive, too short to fly is ideal and we wish him the best in his new venture.

Learn more: https://en.wikipedia.org/wiki/Wes_Edens

Shervin Pishevar’s tweets reveal why the US economy will underperform

Shervin Pishevar was born in Iran but migrated to the United States. He is one of the brilliant investors in the world today who has made a great name in the finance sector through successful investment as a venture capitalist. He is the former managing director of Sherpa Capital and the co-founder of Virgin’s Hyperloop. Pishevar has also previously worked with Menlo Ventures, a firm through which he invested in the growth of Uber. Sherwin Pishevar gained recognition after his role in the growth of Uber into a unicorn in less than a decade. He has also invested with other companies such as Airbnb, RobinHood among others.

When Shervin Pishevar engaged in a tweet storm that lasted for 21 hours, he talked about various matters related to the US economy and the financial sector. He was quick to point out that the US economy would not perform well in the coming months due to a looming financial crisis. In his understanding, the stock market was crashing, inflation was settling in, the national debt burden is going up, and the government is making mistakes such as the new tax plan. All these are signals of an economic crisis.

Although Shervin Pishevar talked a lot about the US economy, he also pointed out to some other matters related to the financial industry. He indicated that bitcoin would crash and gold would gain. In times of financial crisis, gold is considered a haven. For bitcoin, the high prices that were recorded at the end of 2017 would not be sustained, and therefore a drop was in unavoidable.

Shervin Pishevar also engaged the audience on matters related to the Silicon Valley. After working here for many years, Shervin has a better understanding of this innovations’ hub. His prediction about this hub is however not positive. He sees a scenario where Silicon Valley will become irrelevant due to internal and external factors. Shervin believes that the recent move by the government to lock out immigrant talent will not help the situation. The success of the Silicon Valley has had great input from the immigrants and therefore any decision to keep them out will be detrimental. He also pointed out the fact that other countries no longer export their talents to the US.

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