Not all that long ago, a former friend and I used to meet for beers in the afternoon and discuss all kinds of topics, from current events to local news and, naturally, politics and happenings regarding the current administration. Since we both tried to stay abreast of events and were reasonably intelligent, many of our conversations led to conclusions accurately predicting what lay ahead in any number of situations. That happened often enough to where we’d sometimes look around from our stools and wonder if our discussions were being tapped.
The reason I mention the forgoing today is that last night I saw a man named Mark Cuban interviewed on Fox by Neil Cavuto. Cuban seemed extremely bright, was very likable and especially open and down to earth. So, this morning I looked him up. According to Wikipedia., he’s an American entrepreneur owns the NBA’s Dallas Mavericks, Landmark Theatres, Magnolia Pictures, and is chairman of the HDTV cable network HDNet. He’s also a part-time shark on the Shark Tank TV series. As of 2011, Cuban is No.459 on Forbes' "World's Richest People" list, with a net worth of $2.5 billion having sold a business to Yahoo in 1999. The Guinness Book of Records credits him with the "largest single e-commerce transaction," paying $40 million for his Gulfstream V jet in October 1999.
Now, during the interview Cuban was asked how he’s dealing with the mercurial up’s and down in the securities markets, and how he’s handling his investments. And Cuban’s answer was almost a carbon copy of my entry in yesterday’s blog, and that programmed transactions, day trading and automation have changed the game completely and as a result, he’s not invested very much at all due to the turmoil.
He also stated that all the long range planning by the administration and Congress doesn’t make much sense to him, because all his active business plans never extended beyond a year since there’s no way to predict even that long accurately in our rapidly changing world. He also believes that sticking to losing premises due to principles isn’t very clever because no one can be right all the time and the object is to succeed and prosper, not go up in ideological flames. Consequently you have to learn from others, and apply ideas that work even if they came from the other side.
In talking about individuals his comments were complimentary, no negatives mentioned including the president, congress folks and even Trump, who he says is a good friend. And that’s when I realized that Cuban’s a politician himself and that no one would ever know what he truly felt.
So, my concluding question for today is, since so much of what I’ve written over the past in my blogs keeps getting proven out, how come I’m sitting here typing by myself and my bank accounts considerably short of two and a half billion dollars.
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