Cuban on Investing: Diversification Is for Idiots

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Entrepreneur Mark Cuban sits down with the Journal’s Alan Murray and weighs in on the fluctuating market. Cuban is investing in volatility. He believes “buy and hold is a crock of $%#!” and diversification is for idiots. Cuban also addresses how patent law stifles creativity, but refuses to address the NBA lockout. This interview originally aired on 8/12/2011.

More info on Mark Cuban below.


Mark Cuban Asks Fans To Redesign Mavs Uniforms
CBS Local
DALLAS (105.3 THE FAN) - Mark Cuban is calling his approach to designing new uniforms for his Dallas Mavericks “crowd-sourcing.'' Ultimately, of course, a fan getting to be involved in the NBA fashion world will be trying to come up with something ...


Yahoo! Sports (blog)

Startup does Mark Cuban $1K better on uniform design deal
Upstart (blog)
Startup does Mark Cuban $1K better on uniform design deal. Enlarge Image » · Crowdsourcing maverick. Mark Cuban, who owns the Dallas Mavericks, is crowdsourcing ideas for a new uniform for next year. But he's not going to pay for it other than giving ...
Mark Cuban wants your designs for new Dallas Mavericks uniformsYahoo! Sports (blog)
Mark Cuban Crowdsources New Mavericks Uniforms - MashableMashable
Mark Cuban Asks Fans to Help Design Mavericks UniformsBleacher Report
ESPN (blog) -Dallas Observer (blog) -CBS sports.com (blog)
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Crowdsourcing.org

Mark Cuban Loves Crowdsourcing: The Crowded Room #24 - Crowdsourcing.org
Crowdsourcing.org
Dallas Mavericks owner and outspoken investor Mark Cuban has been speaking out a lot lately about the value of the crowd, and now he's putting one of his investments where his mouth is and crowdsourcing his team's uniforms. That, plus the delights of ...

 

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Comments

60fft says:

fuck pantent?

Ciro TheDesertWind says:

Only a fool would leave a a long therm investment in cash. Cash depreciates every day thanks to inflation. If you don’t need the money, you need the money working harder for you than plain cash. A universal bond index will give you a better rate than a CD/GIC and a stock market index gives you (near) market returns, guaranteed. A index? gives you perfect diversification at minimal cost.

Axiomaticness says:

I agree. I like patents. I just? don’t like how lawyers are able to pimp entrepreneurs and inventors through the patent process.

devonike says:

Without patents, businesses would be? able to steal ideas.Not a good thing.

Gale Mercado says:

Haha ain’t that the damn truth!?

bandiit17 says:

When you are rich, you have the luxury of not giving a? fuck all day!

Gale Mercado says:

MarK Cuban, successful entrepreneur, owner? of the Mavericks, wearer of dirty t-shirts.

Simsgi says:

12:01? awwww HEEELLLL nawwww

StevenMI89 says:

ROFLMAO I HAVE NO IDEA? WHAT THEY ARE TALKING ABOUT FROM 4:16 to 4:40

Gold Bullion says:

Great video. You might want to check? out this one? as well: bit.ly/YG9YWz?=dsdfs

Mrdudefool says:

Agreed about the patents.? Props Mr. Cuban.

MrLivePositive8 says:

6:32 PMs, it will help you? sleep well at night :)

mcreamer2308 says:

yea? just look at Mark Cuban

XxMisho says:

Speculator vs. Investor.? Cuban is a Speculator.

propertytelevisionau says:

All the best in? the new year The Big Interview

bustaphatty says:

What shit advice,? if you don’t diversify you’re going to get raped.

kilaz lesliet says:

What makes you say that? I’m so curious. What made you feel that his a genius? I know his a smart? man, but a genius? I don’t feel it from him. Donald Trump is a genius.

pokerstarPR says:

HabsCabs888 apparently you didnt listen the whole video, yeah warrent buffet can because he is a multi-bilionaire, he is talking to the John and Jane Doe’s? which does not have all the resources (and man/brain power) to decipher markets trends

hedou987 says:

$35 for? NIKE Shoes;sport jerseys $35 for Cucci Handbag;
$14 for LV Sunglasses;
$80 for Rolex Watches;
……..wqqshop. com—The Most Cool Shopping site !

Jason Ball says:

False. Buffet does diversify and has his entire career. Also, diversification is largely the result of one’s risk tolerance…which varies from person to person. You could take all your savings and put it in 1 company and hope it succeeds…but you will lose it all? if it fails. Also, what he is really saying is don’t buy & hold…save money, wait for market opportunities, then act on them. He disagrees with the traditional buy/hold through a diversified portfolio approach.

Jason Ball says:

Exactly! I’m tired of capitalism getting the blame for corporatism and govt. manipulation of our economy. Over the past 100 years, every crash and bubble burst has govt fingerprints all over it…then the politicians come out and offer? themselves up as the solution to the problem they created in the first place. China is quickly becoming the world’s superpower through capitalism while the US is losing its standing by getting away from it. We will soon end up with a Soviet style crash & economy

Jason Ball says:

…For example, If the govt gives me $100 to hire a worker at my lemonade stand…I have to sell enough lemonade in future months? to keep that worker long-term. Unfortunately, the demand does not exist because, if it did, I would have hired the worker already on my own. The basic economic principal that so many people don’t seem to understand is that every $1 the govt has is $1 taken out of the economy. Instead of “investing” in business to create jobs, stop taking $ from them in the first place

Jason Ball says:

Not to the extent that companies bid for money…but you hear politicians today talking about “investing” in xyz company. You see, companies that are sound and sustainable don’t need govt subsidies to survive, the companies like Solyndra need them but end up folding in the end regardless. Also, if a company “bids” for money to “create” jobs like Cuban says…they still need enough demand for their product to create the? revenue necessary to keep the job…

HabsCabs888 says:

LOL “Buy and? hold is a crock of shit and diversification is for idiots” Tell that to Warren Buffett, Mark.

mattfb7 says:

every non athelete is a better baseball player than? basketball player

Jon R says:

He may? know the market but he screwed up a championship roster…no arguing that.

o3qbg6mlbtnv says:

$35 for NIKE Shoes;sport jerseys $35 for Cucci Handbag;
$14 for LV Sunglasses;
$80 for Rolex Watches;
? ……..wqqshop. com—The Most Cool Shopping site !

Axiomaticness says:

I really like this guy, but his solution to fix the? economy is literally fascism.

Lorenshyne says:

Whats? his IQ?

1l9i5wl3b says:

$35 for NIKE Shoes;sport jerseys $35 for Cucci Handbag;
$14 for LV Sunglasses;
$80 for Rolex Watches;
……..pickthefashion2. com—The? Most Cool Shopping site !

Azbx23 says:

yea buy and hold doesn’t work anymore.? just trade calls

JackCrawfordson says:

eh he he heh heh, what a terrible interviewer ?

TeddyLeper says:

Cuban is insane. This fellow is asking for an entrenched,? permanent system of corporatism. Screw him.

kossgeshhossein says:

@Jason? Ball YOURS CORRECT..CUBANO IS DEAD WRONG

kossgeshhossein says:

NIGGIH YOU DA? IDIOT NIGGNOGG

ToxicHorsePucky says:

@Jason Ball Did you hear what you just said? You’re stating what’s being? done now. Cuban suggested that the govt invest in companies that would greatly benefit from the investment. What they’re doing is NOT what Cuban is suggesting.

ThePoulTrendDaily says:

Cuban, is crazy? smart!

Jason Ball says:

Cuban doesn’t understand economics! Yes, he made money during market “opportunities” but the notion that government should invest in companies to create jobs is part of our problem today. It is important to understand that the whole reason government has the money to invest is because they took it from business and out of the economy in the first place! The government simply “invests” it in companies with special interest voter groups such as unions, etc. Then companies like Solyndra go? bankrupt

kawola17 says:

Looks like? the interviewer is getting a bit “excited.”

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