Mark Cuban
๐ค SpeakerAppearances Over Time
Podcast Appearances
So there's a lot of different things. First of all, when Trump was elected, I sold most of my stocks and went to cash. So I'm actually a tiny bit net short coming into this. And so, you know, I didn't get hurt except I own a bunch of Bitcoin. So I got hurt a little bit there. But overall, you know, I'm treading water because I'm long and short.
So there's a lot of different things. First of all, when Trump was elected, I sold most of my stocks and went to cash. So I'm actually a tiny bit net short coming into this. And so, you know, I didn't get hurt except I own a bunch of Bitcoin. So I got hurt a little bit there. But overall, you know, I'm treading water because I'm long and short.
So there's a lot of different things. First of all, when Trump was elected, I sold most of my stocks and went to cash. So I'm actually a tiny bit net short coming into this. And so, you know, I didn't get hurt except I own a bunch of Bitcoin. So I got hurt a little bit there. But overall, you know, I'm treading water because I'm long and short.
And so I went to cash just in anticipation that something like this could happen. And so in terms of what I've done so far, I bought a little bit of Berkshire Hathaway and sold calls on it because there's so much volatility. So not to get too in the weeds, but... Warren Buffett went to cash.
And so I went to cash just in anticipation that something like this could happen. And so in terms of what I've done so far, I bought a little bit of Berkshire Hathaway and sold calls on it because there's so much volatility. So not to get too in the weeds, but... Warren Buffett went to cash.
And so I went to cash just in anticipation that something like this could happen. And so in terms of what I've done so far, I bought a little bit of Berkshire Hathaway and sold calls on it because there's so much volatility. So not to get too in the weeds, but... Warren Buffett went to cash.
And if I had a choice between having me invest my cash or Warren Buffett invest my cash, I'll have Warren Buffett invest my cash. And then selling the calls when the VIX is up high, meaning there's a lot of volatility, then you get the greatest return on selling calls, covered calls. So I did that. And that was two days ago.
And if I had a choice between having me invest my cash or Warren Buffett invest my cash, I'll have Warren Buffett invest my cash. And then selling the calls when the VIX is up high, meaning there's a lot of volatility, then you get the greatest return on selling calls, covered calls. So I did that. And that was two days ago.
And if I had a choice between having me invest my cash or Warren Buffett invest my cash, I'll have Warren Buffett invest my cash. And then selling the calls when the VIX is up high, meaning there's a lot of volatility, then you get the greatest return on selling calls, covered calls. So I did that. And that was two days ago.
So there's a couple of things. One, right now, the tariffs don't apply to medications. So it has not been an issue, but they're doing a study and we think that they will at some point. So from a cost plus drugs perspective, there's a chunk of drugs that we actually manufacture in Dallas where it won't impact us at all.
So there's a couple of things. One, right now, the tariffs don't apply to medications. So it has not been an issue, but they're doing a study and we think that they will at some point. So from a cost plus drugs perspective, there's a chunk of drugs that we actually manufacture in Dallas where it won't impact us at all.
So there's a couple of things. One, right now, the tariffs don't apply to medications. So it has not been an issue, but they're doing a study and we think that they will at some point. So from a cost plus drugs perspective, there's a chunk of drugs that we actually manufacture in Dallas where it won't impact us at all.
And then there's drugs that we'll buy from Canada that may or may not be impacted. And then there's drugs we buy from India. We don't buy anything from China that would be impacted most likely if there are tariffs. And we've already gone through the process. And what we'll do is, you know, with CostPlusDrugs.com, you go to the site, you put in the name, we show you our actual cost.
And then there's drugs that we'll buy from Canada that may or may not be impacted. And then there's drugs we buy from India. We don't buy anything from China that would be impacted most likely if there are tariffs. And we've already gone through the process. And what we'll do is, you know, with CostPlusDrugs.com, you go to the site, you put in the name, we show you our actual cost.
And then there's drugs that we'll buy from Canada that may or may not be impacted. And then there's drugs we buy from India. We don't buy anything from China that would be impacted most likely if there are tariffs. And we've already gone through the process. And what we'll do is, you know, with CostPlusDrugs.com, you go to the site, you put in the name, we show you our actual cost.
and our markup of 15% and a pharmacy and handling fee. And we'll just add tariffs to the cost when you check out so that you know what they are. So if it's a 10% tariff, it'll show up at 10%, 25%, whatever our actual cost out of pocket is, we'll just pass that on without any markups. So we'll be straightforward and transparent, but I think what's really going to be interesting
and our markup of 15% and a pharmacy and handling fee. And we'll just add tariffs to the cost when you check out so that you know what they are. So if it's a 10% tariff, it'll show up at 10%, 25%, whatever our actual cost out of pocket is, we'll just pass that on without any markups. So we'll be straightforward and transparent, but I think what's really going to be interesting
and our markup of 15% and a pharmacy and handling fee. And we'll just add tariffs to the cost when you check out so that you know what they are. So if it's a 10% tariff, it'll show up at 10%, 25%, whatever our actual cost out of pocket is, we'll just pass that on without any markups. So we'll be straightforward and transparent, but I think what's really going to be interesting
80 plus percent of prescriptions are controlled by three pharmacy benefit managers. And I would be shocked if they just pass through what the actual tariffs are without any markups or using it as a way to raise prices.
80 plus percent of prescriptions are controlled by three pharmacy benefit managers. And I would be shocked if they just pass through what the actual tariffs are without any markups or using it as a way to raise prices.