Mark Cuban — This Feels a Lot Like the Internet Bubble

Published on
June 9th, 2020
Duration
46 minutes

Mark Cuban — This Feels a Lot Like the Internet Bubble

The Larry McDonald Series ·
Featuring Mark Cuban

Published on: June 9th, 2020 • Duration: 46 minutes

During the peak of the internet bubble, Mark Cuban famously structured a collar trade to hedge his massive exposure to Yahoo. Although Yahoo ended up blowing through the strike price on his call options, Cuban is more than satisfied with exiting that trade at the price he did while also having protected himself from a market completely disconnected from fundamentals. In this conversation with New York Times best-selling author and The Bear Traps Report founder Larry McDonald, Cuban explores the eerie similarities between that market and today’s. They also discuss the reopening for the NBA and beyond, Cuban's economic outlook amid unprecedented uncertainty, and the current political situation in the U.S. that has many asking, "When will Mark Cuban run for president?" Filmed on June 3, 2020. Find more information about Larry McDonald's work at http://www.thebeartrapsreport.com.

Comments

Transcript

  • SB
    Sean B.
    7 July 2020 @ 17:13
    Great to hear Mark Cuban in this setting...Lot of great insight.
  • RW
    Raymond W.
    21 June 2020 @ 21:19
    Doesn’t more robots eventually mean less jobs?
  • JJ
    John J.
    19 June 2020 @ 14:51
    Simply fantastic!
  • RE
    Russell E.
    13 June 2020 @ 03:01
    Very enjoyable!
  • PE
    Paul E.
    12 June 2020 @ 22:45
    Enjoyed this, thanks!
  • ST
    Shayne T.
    12 June 2020 @ 19:25
    Fantastic & fun interview
  • LC
    Leigh C.
    9 June 2020 @ 10:20
    What a cool guy Mark Cuban is. Some people just take on life head on.
    • BS
      Bevyn S.
      9 June 2020 @ 19:07
      Has such a positive roll your sleeves up attitude. Love it
    • TN
      Tim N.
      12 June 2020 @ 11:41
      Inspiring life story. A pity he is not running for office.
  • DH
    Domingo H.
    12 June 2020 @ 10:26
    Excellent interview. Super smart comments. Larry M a great interviewer! Thanks and keep it up.
  • jc
    joel c.
    12 June 2020 @ 03:49
    didn't know Marc Cuban (I'm French) Great guy! great entreprneur, very clever! The best bit in my view: Robotics!!! he is spot on!
  • MC
    Michael C.
    12 June 2020 @ 03:41
    Fantastic interview. Very clear thinking. Mark Cuban comes across as decent (again).
  • AK
    Andrew K.
    12 June 2020 @ 01:57
    Enjoyed this one. I love when interviews feel more like conversations between two people than pre-planned agenda. Obviously, Cuban is a great land but this interviewer did excellent.
  • SG
    Satvinder G.
    10 June 2020 @ 23:20
    Please try and get David Hunter on RV. He has some great Macro insights on twitter and Palisades website.
    • sk
      saner k.
      11 June 2020 @ 03:29
      David and Raoul interview , one is expecting DXY 85 the other is expecting reverse.. opposite ideas, can be fun.
  • DM
    Dominic M.
    10 June 2020 @ 00:37
    I was disappointed by the 15 minutes of reminiscences at the start—esp with a guest like Cuban, esp at a time like this, and esp in a sub-hour interview. It's not that I find Cuban as a man uninteresting. It is that these stories are not new, and I respect Cuban enough to want his take on things _now_. There is enough material in the current environment to cover 45 minutes ... As someone who has conducted hundreds of interviews and published many dozens, I believe the question, "So tell me about your early years" is as perfunctory as it is, almost always, light of value. Just dive in, please.
    • SM
      Shawn M.
      10 June 2020 @ 02:11
      I agree 1000% !!! Larry don't waste our time with a history lesson on a famous guy I can google and get his background in 2 seconds. When you finally got around to some meaningful questions you nailed it. I wish you could have gone into more about the pot and gambling legislation sounds like you may have some insights from the Hill that could benefit RVTV a whole lot more than we received.
    • jg
      john g.
      10 June 2020 @ 23:49
      How do you get a highly visible billionaire unless you let him/her some control over the interview content. In a way it helps, you start to understand what makes him tick.
  • RD
    Rahul D.
    10 June 2020 @ 23:44
    Larry wasted the early parts chitchatting. Needs to stick to real content.
  • RP
    Raoul P. | Founder
    10 June 2020 @ 15:21
    This was a really enjoyable and good interview. Mark is very impressive in his analysis and thought process.
    • OA
      Oscar A.
      10 June 2020 @ 21:22
      He's sharp alright. Or wouldn't have become a billionaire selling a pile of trash to Yahoo at the top of the dot com bubble. Time to interview someone from Yahoo back then and ask what they think.
  • jg
    john g.
    10 June 2020 @ 20:21
    Personally I like the macro economic lectures the best, but this is outstanding! You can see why Mark Cuban has been successful. Hard NOT to believe as he does, his STORY about our current situation is so compelling.
  • TP
    Timothy P.
    9 June 2020 @ 16:56
    Its funny to me that Mark Cuban expects govt to innovate. If he's so concerned about the ability of the USA to compete in AI and other disciplines, why not deploy some of his expansive capital? The ROI on lobbyists is massive. Need a law changed or a regulation altered? Put your money to work. It just seems to me that Mark is more willing to complain about it, versus doing anything on the ground to solve it. Wealth management experts say that an individual's desire to achieve tends to wane with their accumulating fortunes. Perhaps what we're seeing here is someone who had a good streak, but now rests on his laurels instead of being a torch-bearer for more change. "No Balls, no babies" indeed, Mr. Cuban.
    • PW
      Pratik W.
      9 June 2020 @ 19:33
      What about all the Shark Tank Businesses he invests in? Check his investments here: http://www.sharkalytics.com/investor/mcuban If that isn't investing in innovation then what is?
    • SC
      Sau C.
      9 June 2020 @ 20:03
      It didn't sound like Cuban was complaining about it as much as offering what he believes to be a possible solution for the USA going forward Doing anything on the ground to solve it? It was clear to me from this video that he became quite content after making his billion/s from selling his company and wanted to focus on enjoying his life and family.
    • TP
      Timothy P.
      9 June 2020 @ 21:50
      @Yafen -- the problem with the "shark tank" investments is it isn't a broad initiative to conquer any of the areas that he's talking about. All that sharkin' is about boosting his bottom line, period. I'm talking about a concerted effort to address these weaknesses he's talking about, not cherry picking companies like a VC so he can get another Gulfstream V.
    • DS
      David S.
      9 June 2020 @ 22:51
      How do you know what Mr. Cuban is doing? DLS
    • SB
      Steve B.
      9 June 2020 @ 23:33
      You have no idea where Mark Cuban invests his capital
    • TP
      Timothy P.
      10 June 2020 @ 13:44
      @David S and Steve B -- You'd think he would say SOMETHING if he was. He doesn't have to lay it out on a line-item basis. But he had nothing to say on the subject, so it leads me to believe he's waiting for govt to innovate/change.
  • JD
    John D.
    10 June 2020 @ 13:33
    I'd vote for Cuban. Man up buddy and make a difference. We need a tech billionaire leader to focus on productivity and high order jobs/manufacturing.
  • JD
    John D.
    10 June 2020 @ 13:25
    I would not be so harsh on US manufacturing. Ever seen inside the Tesla, SpaceX, Amazon facilities? Robots. AI. World class.
  • ST
    Simon T.
    10 June 2020 @ 06:11
    Real Vision really needs to work on the comments section - it’s like my 20th comment that was unable to perform ... especially now that I ve upgraded to RV Pro
  • AB
    Andrew B.
    9 June 2020 @ 23:57
    Cuban for President!!!
    • B
      Bob .
      10 June 2020 @ 05:59
      Can you imagine Cuban in a Presidential debate? How about laying out his agenda at his first cabinet meeting? I understand, but I'm sorry his family voted as they did, but of course I respect hiin honoring them.
  • rw
    richard w.
    10 June 2020 @ 04:21
    This Guy likes himself , alot. What the world needs now is a demo who "understands" what we need.
  • JQ
    Joseph Q.
    10 June 2020 @ 03:11
    Mark Cuban = Awesome!
  • AP
    Ash P.
    10 June 2020 @ 02:53
    Want productivity? And truly productive companies employing people doing work that is self-evidently meaningful? Let the market determine the price of money (interest rates) so that capital is invested efficiently (i.e. in productive ventures). Nothing will change very much until you change that. Infrastructure without that = crowding out the private sector + bridges to nowhere.
  • AA
    Ahsan A.
    10 June 2020 @ 02:11
    Skip the first 20 minutes. Love what he said about productivity and future infrastructure. No nonsense straight up common sense.
  • PB
    PHILLIP B.
    10 June 2020 @ 00:41
    I wasn't previously a fan. The guest was very sensical. Common sense. Obviously, we so need new ideas among our leadership. Thank goodness that this will likely be the last US Presidential election that includes a Baby Boomer candidate. Good riddance to Baby Boomer leadership.
  • TB
    Tobin B.
    9 June 2020 @ 22:27
    Mark's right about the lack of investment in the future. We will get our day, it has just been too long!
    • MR
      Michael R.
      10 June 2020 @ 00:28
      Capital chases innovation. Always has, always will.
  • mB
    marc B.
    9 June 2020 @ 22:46
    Really enjoyed the conversation. I like Cuban. There was a rumor he was going to run for President. We need leadership that invests in technology. Like the diversity of this interview at rv.
    • PB
      PHILLIP B.
      10 June 2020 @ 00:07
      Yeah, having some industrial policy to focus on AI, biotech, greentech, robotics, and electrical grid, would be a great move about now.
    • MR
      Michael R.
      10 June 2020 @ 00:27
      Yeah. AI, biotech, greentech, robotics, and electrical grid. Lemme guess that this is not a first order problem in the US right now. I guess as President he can ignore the other stuff in the news, right? He would be a fool in the White House barking about STEM as they pull down the fence.
  • DS
    David S.
    9 June 2020 @ 23:52
    Mr. Cuban: All the best in opening sports again. It will be difficult during the pandemic. Millions of fans are ready to watch, gamble and party. I hope all of you can come up with a plan to keep the owners, players and fans as safe as possible from the virus and lawsuits. You are in the position of making a difference on many fronts without running for office. Best of luck. DLS
    • MR
      Michael R.
      10 June 2020 @ 00:23
      Cuban couldn't make a difference if it was simple arithmetic.
  • SB
    Steve B.
    9 June 2020 @ 23:30
    Absolutely fantastic.
    • MR
      Michael R.
      10 June 2020 @ 00:22
      You need to see more RV videos. This one was pretty bad in comparison.
  • GG
    Glycine G.
    10 June 2020 @ 00:08
    Among RV, Bloomberg and other financial channels I watched, there is one thing in common--not even 720P video quality for conference call type interviews. Lol.
    • LA
      Lawrence A.
      10 June 2020 @ 00:21
      This. Guy's a billionaire and we can't even get above potato quality?
  • MR
    Michael R.
    10 June 2020 @ 00:21
    Cuban segment was a yawner. Not much info except him telling us how great he is. We know him only because he scored a sale to Yahoo for big bucks. Otherwise, he is uninteresting.
  • TM
    The-First-James M.
    9 June 2020 @ 19:58
    I wish Mark Cuban was running this year. Biden is an embarrassment to the Democrats and God knows I've had enough of the Orangutan currently occupying the oval office. What a choice. No wonder decent and honest people stay away from big league politics...
    • TB
      Tobin B.
      9 June 2020 @ 22:23
      someday our generation will get our time; it should be earlier than it has been.
    • PB
      PHILLIP B.
      10 June 2020 @ 00:09
      This might be the last US presidential election that includes a Baby Boomer candidate. Good for us. We need fresh ideas. Good riddance to the leadership that the Baby Boomer generation provided to us.
  • DS
    David S.
    9 June 2020 @ 23:34
    It is easy to see that many governments are bankrupt and need to increase revenues drastically. They cannot tax the poor, as there is not a lot of money there. When trying to implement tax legislation, it is important to look at all the taxes a company pays to see what a logical incremental tax rate would be. The easiest form of tax to collect is a simple tax on revenue. It is harder for attorneys and CPAs to cook the books on the top line. By the time you get to anything that might be misconstrued as pretax income, there are thousands of games played. You may find it funny, but the big tech stocks will probably go along with this, as it will more difficult to disrupt their model. Keep It Simple & Smart. DLS
  • DS
    David S.
    9 June 2020 @ 23:22
    I really enjoyed listening to Mr. Cuban. It is apparent that he can make a difference without running for office. I do not like universal incomes either. Firstly, it sends the wrong message of the government supporting a citizen without improving the society. Secondly, it will just drain the government revenues. I did like the caretaker assistance in need, as these are the adults in the room taking care of the next generation. I was surprised with Mr. McDonald’s family background that he did not explore it more. DLS
  • CM
    Chris M.
    9 June 2020 @ 23:20
    I never really liked this guy, like him less now.
  • BD
    Ben D.
    9 June 2020 @ 10:17
    It's always nice to have an interview from Larry because each guest has something of value to contribute to public discorce. Thanks to Mark for coming on RV and sharing his thoughts on current events and the importance of having technologically literate leaders with a bit of the past mixed in. A great guest to have back on the show might be Jim Millstein from "The man who saved AIG" and share his thoughts because of the current business climate and what that means for bankruptcies going forward.
    • DS
      David S.
      9 June 2020 @ 23:08
      Mr. Cuban can make a difference. I hope he will make it a high priority to educate the money behind the politicians. It is too late to educate the politicians. Political agendas are often set by the money that supports their re-election. If you want to influence an American politician, you need to follow his/her money trail. This works in many other countries as well. DL S
  • JO
    Jonathan O.
    9 June 2020 @ 13:08
    Always like mark cuban into he get's to policy proposals he really has some ridiculous views like CBI or that a 30k a year job is a good job that allows some to become a "consumer" and have "confidence".
    • JO
      Jonathan O.
      9 June 2020 @ 13:09
      I always like mark Cuban until*
    • TB
      Tobin B.
      9 June 2020 @ 22:29
      CBI is weird, I agree. Otherwise he has good energy
    • DS
      David S.
      9 June 2020 @ 22:56
      What is this Facebook? DLS
  • MR
    Michael R.
    9 June 2020 @ 22:52
    Has Mark patched things up with @PrestonPysh?
  • OA
    Oscar A.
    9 June 2020 @ 17:07
    This guy got lucky selling a useless company to Yahoo. The type of billionaire that is heading out the door in the next decade. Also, bashes BTC without understanding it or - more likely - pretending not to understand it while secretly acquiring it.
    • RM
      Robert M.
      9 June 2020 @ 19:32
      Most successful entrepreneurs will tell you that luck plays into their success. But to suggest there were was not hard work involved would be disingenuous. He got lucky with timing and Yahoo looking to buy companies, but he also knew it was time to sell and got the timing right before the crash. Lots of people have great ideas for businesses but never take the first step. Mark did.
  • MT
    Mark T.
    9 June 2020 @ 18:36
    Some people I'm sure trust this administration with their lives.... and the administration suggested they inject themselves with household cleaners. So you get what you pay for I guess.
  • SS
    Stephen S.
    9 June 2020 @ 16:39
    We don’t need Cuban in 20 years. We need him if not now in 2024. Unfortunately, yes the media scrutiny scares off any sane person from running. On a positive note people are losing faith in the old media
  • SS
    Stephen S.
    9 June 2020 @ 16:22
    It seems like so much of the talent in America is caught up in the private sector, Hedge Funds, Silicon Valley, etc. However, it seems like the private sector cannot solve the problems we face. We need to move some of that talent into the public sector. I’m not keen on today’s Democratic Party but could support Cuban if he runs.
  • JD
    Joel D.
    9 June 2020 @ 16:02
    2 comb-overs!!
  • PG
    Philippe G.
    9 June 2020 @ 15:11
    Love it - Larry always delivers!
  • AB
    AJ B.
    9 June 2020 @ 14:41
    Which robotics company is Mark invested in?
  • FS
    Faheem S.
    9 June 2020 @ 13:48
    good talk
  • yc
    yu c.
    9 June 2020 @ 13:36
    Great interview!
  • NG
    Neil G.
    9 June 2020 @ 12:47
    Why is this man not on the ticket for the 2020 election...he would be a reset to our stagnant political system, and positive one.
  • AR
    Anthony R.
    9 June 2020 @ 12:18
    You should let Mark Cuban speak more and for you to listen more. You had him on to learn not to voice your opinions, otherwise you should just do the show without him.
  • TE
    Tito E.
    9 June 2020 @ 11:29
    Mark Cuban' enthusiasm is contagious!
  • SH
    Sahil H.
    9 June 2020 @ 10:11
    This was a great video. I've heard Mark Cuban talk a lot about entrepreneurship and business but I had no idea he was also a trader. Its really interesting to hear him share a similar opinion to many other guest speakers on here, especially given how different his educational background/career has been.
  • DF
    David F.
    9 June 2020 @ 06:37
    Thank you M. Cuban and M. McDonald. Clear and insightfull. The US (and most of all western nations) do have an undeniable Elite problem. Utterly technologically and scientifically illiterate. A sad societal debacle of epic proportion, from hero to zero in two generations.
  • GC
    Gino C.
    9 June 2020 @ 05:35
    Excellent conversation. Larry and Mark, I could listen to you guys all day. Mark has an excellent understanding of real world economics and real world thinking. Great interview Larry. Thanks guys! 👍🏻👍🏻