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.
8/12/2011 12:45:56 PM
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
The best way to keep money in perspective is to have some. —Louis Rukeyser
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
read more »
Tweet
Facebook
Reddit
Digg this!
August 13th, 2011 at 10:31 am
Cuban isn’t diversified? Riiiight…
August 13th, 2011 at 7:12 pm
” refuses to address the NBA lockout.”
Can you blame him? Are his fines up to $5MM yet?
He wrote up most of this on his blog.
And TrickStyle, yes, I’ll give you odds he’s not diversified in the Markowitzian sense of the phrase. Why be exposed to areas you don’t understand just because they might appreciate–or might be a NZ or Chinese ponzi scheme?
August 17th, 2011 at 3:42 pm
Cuban is a bright guy, but his advise that investors should not diversify is terrible.
It’s irresponsible for Cuban to suggest that average investors stay in cash and avoid diversifying.