Mark Cuban Made Over $2 Billion on the Stock Market (2013)

Mark Cuban shares details on how he sold his company Audionet and became a billionaire.

[TheFredismShow]

His instincts were superb. It’s easy to say one would do that, but much harder to actually follow through.

[undertakerfanz]

Moral of the story doesn't pay to be greedy

[talapantedtoad]

Wouldn’t be a Howard stern clip without him constantly trying to talk over his guest 💀

[Aperolw]

Howard loves to interview people, especially when he is the only one that gets to talk

[milescoleman]

Got a third of 5.7 billion dollars…so he got 1.9 billion dollars and in two years turned it into 2.5 billion dollars. Sold in April 99 and Yahoo peaked in 2000. Crashed out in 2001. So he made 24% in a year or so.
….

[eddieanderson]

It's not about timing, he said it went to his hedge(listen)he knows the storm is coming, it's called nature, he obeyed and he was rewarded

[basshuntet]

As a trader this is very good lesson. Don't be greedy. Take the profit when possible. Don't be too sure about your analysis

[ultrameticulous]

"33% or whatever."
I wouldn't forget that number. Ever.

[AmanBansil]

Here is the real moral of the story. Luck has a lot to do with success along with effort. If you don’t put in any effort, hard to get lucky.

[mattforman]

He set up a collar collecting premium from selling call options (limiting his upside) then used the premium received from the call options to buy put options using the premium received from selling call options to offset all or some of the premium cost for buying puts (limiting his downside risk). Fairly basic options strategy that when executed correctly is a great risk management strategy

[agungk]

Mark is ready to cash out without "rocking the boat" by doing this strategy. Simply genius.

[Danny-fshk]

Sold calls and bought put options. That was a power play. 🤘

[MinorPrecision-zycw]

Quitting while you’re ahead..


It’s not the same as quitting.

[martell]

What he did is called a “collar” he collared his stock position selling calls n buying puts for protection all at the same time

[AntonioM-vn]

Lol, when he sold that position that was a signal to the market and other billionaire. They definitely talk to one another

[MrScopezz]

Moral of the story.. Mark was a trader way before he even started his first company.. that is skill and years of golden experience folks

[drummerac]

I wish this full podcast interview was still up. My favorite of all time.

[douglasaranda]

Anyone dealing with stocks know that greed and ego are the biggest enemies of traders

[obamanyoutubetookmychannel]

Content, self control, discipline, patience and good decision, you would definitely going to make it on the stocks market, you need a lot to money to make it big.

[protodg]

Better safe than sorry. As long as as it’s not a loss.