How to Save America: Mark Cuban and Tucker Carlson Debate | All-In Summit 2025

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All-In with Chamath, Jason, Sacks & Friedberg 59 min 5 speakers 3 chapters transcribed 1 month ago
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Who is Mark Cuban and what motivated him to sell the Mavericks?

Tucker Carlson 0:02
Mark Cuban is here ever since he was a child. He wanted to be an
Mark Cuban 0:04
entrepreneur. I just love to compete for whatever reason I do. We want all our fellow Americans to succeed. The Dallas Mavericks are NBA champions. The first title in franchise history. One of America's most famous professional sports owners is selling his beloved team. You've done
Jason Calacanis 0:26
a reality show, just retired from that, cashed out of the Mavericks check. Kind of adds up to you're going to run for president. No, there's no
Unknown 0:34
way.
Jason Calacanis 0:34
No?
Unknown 0:36
Ladies and gentlemen, please welcome Mark Cuban.
Jason Calacanis 0:52
All right. Thanks for being here. God, Mark, it feels like we've been doing this for 30 years, and we have.
Chamath Palihapitiya 0:58
We have, I
Jason Calacanis 0:58
know.
Chamath Palihapitiya 1:00
What GLP are you on? What off-menu items? You're looking pretty... He's in retirement. Sells a team, takes a break. I mean, you really do look incredible. Are you doing something? I'm working
Mark Cuban 1:14
out.
Jason Calacanis 1:16
We want to know about the off-the-menu items. We'll talk backstage.
Mark Cuban 1:19
There are no off-the-menu items. No off-the-menu items. Okay. Nothing. Just exercise, huh? Exercise and watching what I
Jason Calacanis 1:25
eat. Yeah. What was more painful in the last year? Kamala losing or Luca getting traded?
Mark Cuban 1:33
Luca getting traded. Yeah.
Jason Calacanis 1:35
Not even close. And no, I had nothing to do with it. We know, and you sold the team. You explained it 50 different ways to Sunday. But there was this idea that you would still be involved to some extent. Yeah, I
Mark Cuban 1:48
fucked up. Unpack it. Yeah, I mean, when I did the deal, the presumption was that I would still be running basketball. And we tried to put it in the contract, but the NBA said the governor is the governor and they make all final decisions. And then, you know... I was involved and then we went on this run where we went to the finals and rather than trying to interject myself all the time, I was like, I don't want to get in the way, we're rolling. And that was a mistake. So it went, there were some things that happened internally where the person who traded Luca didn't want me there. And so they won, I lost.
Jason Calacanis 2:28
Yeah.
Mark Cuban 2:30
That's in the past. I'm still hardcore Mavs, MFFL. A rare L for Mark. No, there's been plenty of them. I just try to minimize them. Yeah.
Chamath Palihapitiya 2:39
Mark, let's talk about healthcare. You started a business that has had a really... profoundly disruptive impact, and it's compounding. Tell the people the business you started, and tell them why you started it, and why you just think healthcare's so broken.
Mark Cuban 2:54
Sure, so I got a cold email from a Dr. Alex Oshmayansky, and he wanted to create what's called a compounding pharmacy, where pharmacies can make drugs per order. And it was right around the time the pharma bro was going to jail for jacking up the price of this generic drug called Daraprim. And I was like, how can he do this, Alex? And in investigating it, it became very clear very quickly that no one knew what the price of any medication was, and there was zero transparency. And so I was like, This is wrong, so we got the URL costplusdrugs.com, and we set it up so that when you go to costplusdrugs.com, costplusdrugs.com, and you put in the name of the medication, whatever it may be, we're gonna show you our actual cost.
Mark Cuban 3:39
And not only are we gonna show you our actual cost, we're gonna show you our markup, which is only 15%, plus for mail order is $5 for shipping, $5 for the pharmacist to review, and then we also have the option of local pickup. Now, what really created the change is we were the first to ever do that. And even to this day, three and a half years later, nobody else publishes their price list for medications. And so when you think about healthcare, particularly the financial side, nobody trusts it at all. And in reality, trust is actually a formula in my mind. Trust equals transparency divided by self-interest. We were completely transparent, and in terms of self-interest, only a 15% markup on medications is fair and it's nothing.
Mark Cuban 4:22
And so, you know, I get emails all the time, like, you know, I was looking at having to pay 900 or 1,000 or 1,500 or 2,000, and your price is $21.
Chamath Palihapitiya 4:33
But just explain that. It's not as if it's 21 versus 40 or 90. It's 21 versus 900.

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