Mark Cuban

Oh, for sure, for sure. Yeah, and I'd seen it before, right? Like I just said. And so what I did was we put together a collar where I sold calls and bought puts. And as it turned out, when the market just cratered, I was protected. And, you know, over the next two, three years, whatever it was, it converted to cash, paid my taxes, et cetera. But it protected me.

Oh, for sure, for sure. Yeah, and I'd seen it before, right? Like I just said. And so what I did was we put together a collar where I sold calls and bought puts. And as it turned out, when the market just cratered, I was protected. And, you know, over the next two, three years, whatever it was, it converted to cash, paid my taxes, et cetera. But it protected me.

And as it turns out, it was called one of the top 10 trades of all time. And what was even more interesting out of that period, my broker at that time was at Goldman Sachs. And I had asked him to see if there was a way to trade VIX, the VIX, right? The volatility index. And there wasn't, right? And so...

And as it turns out, it was called one of the top 10 trades of all time. And what was even more interesting out of that period, my broker at that time was at Goldman Sachs. And I had asked him to see if there was a way to trade VIX, the VIX, right? The volatility index. And there wasn't, right? And so...

And as it turns out, it was called one of the top 10 trades of all time. And what was even more interesting out of that period, my broker at that time was at Goldman Sachs. And I had asked him to see if there was a way to trade VIX, the VIX, right? The volatility index. And there wasn't, right? And so...

one of the people that Goldman that we were working with to try to create this actually left Goldman and created indexes that allowed you to trade the VIX.

one of the people that Goldman that we were working with to try to create this actually left Goldman and created indexes that allowed you to trade the VIX.

one of the people that Goldman that we were working with to try to create this actually left Goldman and created indexes that allowed you to trade the VIX.

your insight into all of this by saying you just didn't want to be greedy but you still have to see that it's a bubble yeah i mean yeah obviously if i thought it was going to keep on going up and it was there was intrinsic value there i would have stayed in it but it wasn't so much yahoo it was just the entire industry you would back then you know like we're looking at the the magic seven or whatever it is stocks now and people are asking is in a bubble and when you

your insight into all of this by saying you just didn't want to be greedy but you still have to see that it's a bubble yeah i mean yeah obviously if i thought it was going to keep on going up and it was there was intrinsic value there i would have stayed in it but it wasn't so much yahoo it was just the entire industry you would back then you know like we're looking at the the magic seven or whatever it is stocks now and people are asking is in a bubble and when you

your insight into all of this by saying you just didn't want to be greedy but you still have to see that it's a bubble yeah i mean yeah obviously if i thought it was going to keep on going up and it was there was intrinsic value there i would have stayed in it but it wasn't so much yahoo it was just the entire industry you would back then you know like we're looking at the the magic seven or whatever it is stocks now and people are asking is in a bubble and when you

I would get into cabs and people would just start talking about internet stocks. There were people creating companies with just a website and going public. That's a bubble, right? Where there's no intrinsic value at all. And people aren't even trying to make operating cap profits. They're just trying to leverage the frothiness of the stock market. That's a bubble. You don't see that right now.

I would get into cabs and people would just start talking about internet stocks. There were people creating companies with just a website and going public. That's a bubble, right? Where there's no intrinsic value at all. And people aren't even trying to make operating cap profits. They're just trying to leverage the frothiness of the stock market. That's a bubble. You don't see that right now.

I would get into cabs and people would just start talking about internet stocks. There were people creating companies with just a website and going public. That's a bubble, right? Where there's no intrinsic value at all. And people aren't even trying to make operating cap profits. They're just trying to leverage the frothiness of the stock market. That's a bubble. You don't see that right now.

There's not companies, you don't see any IPOs right now for that matter. So I don't think we're in a bubble now, but back then, yes, I thought we were in a bubble, but that wasn't really the motivating factor.

There's not companies, you don't see any IPOs right now for that matter. So I don't think we're in a bubble now, but back then, yes, I thought we were in a bubble, but that wasn't really the motivating factor.

There's not companies, you don't see any IPOs right now for that matter. So I don't think we're in a bubble now, but back then, yes, I thought we were in a bubble, but that wasn't really the motivating factor.

do you think it's possible we're in a bit of an ai bubble right now no because we're not seeing funky ai companies just go public if all of a sudden we see a rush of companies who are skins on other people's models or or just creating models to create models that are going public then yeah that's probably the start of a bubble

do you think it's possible we're in a bit of an ai bubble right now no because we're not seeing funky ai companies just go public if all of a sudden we see a rush of companies who are skins on other people's models or or just creating models to create models that are going public then yeah that's probably the start of a bubble

do you think it's possible we're in a bit of an ai bubble right now no because we're not seeing funky ai companies just go public if all of a sudden we see a rush of companies who are skins on other people's models or or just creating models to create models that are going public then yeah that's probably the start of a bubble