The Career Background of Randal Nardone

Source: https://medium.com/@randalnardone (Randal Nardone on Medium)
Source: https://medium.com/@randalnardone (Randal Nardone on Medium)

Randal Nardone is an experienced finance executive and attorney. He has been involved in the financial services industry for over two decades. During his career, he has started up two investment firms, managed another and also worked at a top law firm. With his unique background and experience, Randal has been able to have a solid career. His career success has culminated in acquiring a vast amount of wealth. Today, Nardone is one of the richest people in the United States. Forbes magazine has put him on their list of billionaires.Currently, Randal Nardone serves on the management committee of the investment firm Fortress Investment Group.

This position allows him to run the firm and make key business decisions. As well as being one of the members of the management committee, Nardone is also the co chief executive officer and one of the principals. He is also the co founder of Fortress Investment Group as well. Since co founding the firm, Randal Nardone has helped build Fortress Investment Group into a highly successful investment management company.Prior to co founding Fortress Investment Group, Randal Nardone worked at a law firm based in New York City. He spent a number of years working at the firm known as Thatcher, Proffitt & Wood. While at this firm, he served on the executive committee.

After working at this law firm for a number of years, Nardone decided to pursue a career in finance. He would co found Blackrock Financial Management and work as its principal. For a few years the firm was successful, but Randal decided to join UBS. At UBS, Nardone was its managing director.Randal Nardone has an extensive educational background. As a lawyer, Nardone completed law school and earned a JD degree. He would attend the law school at Boston University to complete this degree program. Before enrolling in law school, Nardone attended the University of Connecticut. While at this college, he majored in both English and Biology. He would eventually earn bachelor’s degrees in both fields. His educational background would help Randal start and advance his career in the future.

Is the Economy Headed for a Fall?

On February 5, 2018, venture capitalist and entrepreneur Shervin Pishevar went on a Twitter rampage that spanned 21 hours and 50 tweets. This sudden appearance was not just surprising for its randomness – Pishevar had been largely absent from public life since stepping down from Investment company two months previously – but for what he had to say about the state and future of the economy.

Buckle-Up, It’s Going to Be a Bumpy Ride

According to Shervin Pishevar, the strong stock market and sudden rise of Bitcoin are headed for a fall. He doesn’t predict that the crash of the stock market will be sudden. He’s talking about an aggregate, overall decrease of about 6,000 by the end of the year. The crash of Bitcoin will be more sudden and dramatic, but it will be able to make a comeback.

Several of these prophecies have already come to pass, and some seem to be looming on the horizon even to those who are unfamiliar with the markets and economics. Most notable among those predictions is the fall of Facebook. which recently had the highest one day drop in value of any corporation in the history of the stock market.

Shervin Pishevar bases these predictions on several factors that have been creeping up for a while and will converge around the same time. One is the overvaluation of stocks and bonds, the other is the artificial inflation of Bitcopin’s value. When investors realize this, the sell-off will lead to problems. Pishevar believes that the electronic currency will drop between $2,000 – $5,000 in value, but slowly regain much of it over a 24-month period. He is less optimistic about a recovery for the stock market, which has been Bullish to an unprecedented level for a record run.

Whether you have faith in Shervin Pishevar’s predictions, there’s no denying that he has been an influential and prescient voice in economics and investment for some time. His past record and foresight speak for themselves. Given the unsustainable trajectory of the markets these days, maybe we should listen.

 

https://www.brainyquote.com/authors/shervin_pishevar