Month: July 2018

Michael Lacey- Renowned Mathematician

American mathematician, Michael Lacey was born September 26, 1959. Studying at the University of Illinois at Urbana Champaign, Lacey received his PHD in 1987. For his thesis, Michael solved a problem dealing with the law of iterated logarithm for empirical characteristic functions. His most focused area of study in the following years has been probability and harmonic analysis.

Following the completion of his PhD, he saw his first post doctoral position at Louisiana State University, followed by the University of North Carolina at Chapel Hill. Walter Phillipp, whom Lacey worked under while attaining his PhD, worked alongside Michael at The University of North Carolina.

Together they gathered evidence and proposed the central limit theorem. After his time at UNC, he went on to work at Indiana University from 1989 until 1996.

It was at Indiana University where he received a National Science Foundation Postdoctoral Fellowship. During the time of this fellowship he embarked on his study of bilinear Hilbert transform.

Working in unison with Christoph Thiele, they solved the conjecture in 1996; earning them the prestigious Salem Prize. Adding on to an already impressive resume, Michael Lacey continued his journey at the Georgia Institute of technology; as a professor of mathematics. In 2004, A Guggenheim Fellowship was granted to him for his collaborative work with Xiaochun Li. Learn more about Jim Larkin: https://mathalliance.org/mentor/michael-lacey/ and http://nyjm.albany.edu/j/2017/23-8.html

This fellowship is granted to those who demonstrate exceptional capacity for productive scholarship. More recently, in 2012 he became a member of the American Mathematical Society (AMS). This association is a conglomerate of professional mathematicians who are driven by the interests of mathematical studies and scholarship.

This has been yet another platform for Michael Lacey to thrive and pour his passion into. Currently a professor at Georgia Tech, he mentors doctoral students as well as pre doctoral students. His will and drive to help students who are aiming high makes him a favorite amongst undergrads as well as post graduates.

Lacey has mentored over 10 post doctoral graduates and leaves his email open for anyone looking to be mentored. He is indeed a faculty member that has the approach and hunger of a student. He is on an everlasting quest for knowledge and answers. This is what makes him special.

No Comments

Categories: Maths

Shervin Pishevar: 21 Hours of Tweet Madness

Shervin Pishevar is an Uber investor that shook up Twitter with his 21 hours of tweeting rampage. What was the point to his madness, no one knows. He made all kinds of predictions that may or may not come true. Only time will tell on that. One thing is for sure, he has everyone talking.

Shelvin Pishevar’s tweets were 50 messages all together. He did say at some point he would explain what financial storm is coming in the next few months. After much tweeting, Pishevar stopped to eat dinner. The economy does have its shake ups from time to time. Maybe Shervin Pishevar knows something we don’t.

One of Pishevar’s tweets states that he expects a 6,00 point drop in the market. There have been times when the market has dropped significantly. Would it drop 6,000 points? It could. Nothing is for certain in a shaky economy. No market is safe. Whether this prediction will come true or not remains to be seen. However, it can not be ruled out. With our current president wanting to back out of trade deals, this is definitely possible.

Another one of Shervin Pishevar’s tweets claims that the markets will be volatile. It is true that Washington is causing quite stir with the other nations concerning trade. Tariffs are going up especially with Canada. The government is not happy with how our president is handling that. Trade deals are very important to all countries, not just America. One would hope that common sense would be used when keeping trade fair amongst the nations.

Now Shervin Pishevar says that the bond market will try to carry the equities market. He fails to explain why that will fail. There is no explanation as to why that won’t be successful. The question remains as to whether that is even possible. If Pishevar could give us a hint on where to look for the answer, this prediction could probably be justified. Otherwise, it is just seen as nothing more than a mere rant. Until proven otherwise, that’s what his tweets are.

https://analystoffinance.com/2018/02/shervin-pishevar-tweet-storm/

https://www.businessinsider.my/annotations-for-decoding-shervin-pishevar-uber-letter-2017-8/

Why Did Sahm Adrangi Issue A Negative Report On St. Joe Company

The Sahm Adrangi led Kerrisdale Capital took a short position in St Joe Company’s $1 Billion Florida real estate development deal. With the deal, St. Joe hopes to transform a chunk of desolate land into an attractive residential homes investment for retirees and commercial property for businesses near Panama City Beach. But Sahm doesn’t believe that the longtime real estate developer has the capacity to transform this desolate land into the $1 Billion valuations.

Why short?

According to Sahm Adrangi, St. Joe’s recent acquisition is nowhere near its previous land acquisitions. Unlike most beachfront that the company specializes in, the Panama City land lies in a swampy and desolate and remote area. Most importantly, it would require the developer to sell about 2700 residential homes and four hundred thousand square feet of office space consistently for 50 years in order to hit the $1 billion valuations.

Sahm points out that this would make this new development the top selling market in America. It would also mean that the new district sells more housing units annually than were absorbed by the entire panhandle region in 2017. Sahm Adrangi further mentions that the achievement of this remote area heavily relies on the development of the districts interior lands.

However, the fact that the company has done little in terms of filing for permits proves that it is struggling with the monetization of the Panama project. Additionally, the fact that no meaningful developments have been yielded despite St. Joe coming up proposing these developments over a decade ago is a testament that their investors should only continue to wait longer for the monetization.

More about Sahm Adrangi

Sahm is the founder and the current Chief Investment Officer (CIO) for the New York-based Kerrisdale Capital Management. Prior to founding Kerrisdale, Sahm Adrangi worked with different alternative investment institutions like Longacre Fund management as an investment analyst as well as Chanin Capital Partners where he served in their bankruptcy restructuring department. The alternative investment professional also holds Bachelors of Arts in Economics from Yale University. He is constantly advising the market on both the most and least attractive investment options of the time.

https://www.buzzfeed.com/sadotw/according-to-cnbc-sahm-adrangis-kerrisdale-capit-1inkl?utm_term=.hnyKbKp6B#.tyAQGQ7jE