Mark Cuban
👤 PersonAppearances Over Time
Podcast Appearances
Well, shit, yeah.
Now I can put my money where my mouth is.
I hedged it, yeah.
So it was a public, when we got sold to Yahoo, we were a public company who paid us in stock.
And because Yahoo also was a public company, you could sell options on it.
So I could sell calls, which gave up part of the upside, but allowed me to buy something called puts, which protected my downside.
And so I sold calls, bought puts, that's called a hedge.
And I did it for my entire position.
And when the whole bubble burst for the dot-com era, I actually made more money.
And so, yeah, it's been called one of the top 10 trades of all time.
Because there were a lot of people who made a lot of money in stock and on paper and just thought I'll disappear.
Yeah, you wouldn't know who I am.
Which is great for a 29, 30-year-old.
But it's not billions.
Yeah, he didn't care about basketball.
It was a real estate deal for him.
But I was a season ticket holder, and somebody connected me, and in less than a month, I bought it.
Unless my kids have something.
My son is becoming more and more.
So my daughter, my middle daughter likes it.