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Mark Cuban

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
3993 total appearances

Appearances Over Time

Podcast Appearances

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Yeah.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Um, cause it was making eight and a half percent.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Yeah.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And so, and this is why I was making eight and a half percent.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And so hopefully, if what they say in their filing is accurate, and I have no reason to believe it's not, and the judge that's dealing with the bankruptcy agrees, then they'll be able to put consumer accounts first to get probably 60, 70% of the crypto back.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Yeah.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And then what they've said in their filings in public that they're going to try to do is for the other 30% or 40%, because they're bankrupt, the old stock that I own is worthless, right?

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Right.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

In the new company, they'll recreate it and give stock and tokens to those people to hopefully, if it turns out to be worth anything, make up the delta.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Yeah.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Everybody's making money.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

You got to fight that feeling.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Now you know, yeah.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

I wish there were.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

So one difference between, look, stocks are the same way, right?

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

So if you look at your stock portfolio, if you have any tech stocks at all, it's gotten crushed.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Yeah, and it's gotten crushed as much as Bitcoin or Ethereum, right?

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

So you always have to ask yourself, is the company a good company?

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Because part of the problem with the tech stocks is their valuations went too high because interest rates were so low.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And so people had nowhere else to put their money, so they put it into crypto and they put it into high-flying tech stocks and other things, right?