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now Mark Cuban Goes Undercover on Reddit, YouTube and Twitter | GQ

 now Mark Cuban Goes Undercover on Reddit, YouTube and Twitter | GQ


hi this is Mark Cuban Im about to go undercover on the Internet this is actually me Wikipedia Mark Cuban hates meetings he has said the only way youre gonna get me for a meeting is if youre writing me a check yes I hate meetings nobody likes meetings except the people who bring the donuts and the people who love to talk about their kids because when you sit in a meeting you waste half the meeting so how was your weekend hows your day why dont they get the right kind of doughnuts Im tired of doughnuts we should get cupcakes all this nonsense that has nothing to do with getting the job done I have so many different investments so many businesses Im involved with I want to do everything via email because that allows me to go back and look something up so if you told me bla bla bla your kids and I said oh thats sweet and then we talked about business I can go back and search it five years ten years twenty years I got emails that are twentyfive years old now since Gmail you know takes gigabytes and gigabytes of storage I can just do search so I dont even have to organize them but I make an exception if youre gonna write me a check and its a big one Ill be there Quorra how did Mark Cuban turn the Mavs around from a business perspective well Im gonna be brutally honest I really didnt care about the business of the Dallas Mavericks
 when I bought them I really cared about winning championships and winning games and so I spent a whole lot more time on the basketball side of things and the Mavs lost money almost every year until the past three years when I got to the NBA when I bought the Dallas Mavericks everybody thought we sold basketball very few people go to basketball games to watch basketball think about the last sporting event you went to do you remember a jump shot do you remember a dunk do you even remember the score maybe you remember who we played but you remember 
who you were with its an experience you remember how you felt when that balls in the air and its a tie game if it goes through the hoop you win and if it doesnt you lose everybody collectively twenty thousand people are holding their breath and when it goes through the hoop youre highfiving and a hugging and squeezing so tight people youve never seen before in your life youre walking out of the arena screaming and yelling and if you loose you do the exact opposite Apple one of the biggest companies in the world they could have their best quarter their best year ever no ones throwing a parade in Cupertino the Dallas Mavericks win a championship Dallas is on fire everybodys having an amazing time the whole city feels the energy you feel that energy when you walk into the arena thats what I convinced the NBA that we sell and that literally changed all sports was sold posted IMDB after he sold his first company he tried acting without much success and even auditioned for a role in the film twister in but lost out to Philip Seymour Hoffman yes thats true after I sold my first company then I ed trading technology stocks I did so well I turned that into a hedge fund and almost immediately sold that moved out to LA to live on the beach and just be retired and I took acting classes why cuz I wanted to meet people that I did I got to take classes of all kinds of bit

 while this back in the day the cast of In Living Color all these different shows and so I ed auditioning those audition for commercials you know I had to put the Taco Bell hat on and just act stupid did some Ford commercials so I auditioned for a movie twister and got a callback got another callback Im thinking yeah and then didnt get a callback I forget the role but the name of the role but dusty yeah dusty and so Im thinking Im dusty well then I watched the movie Philip Seymour Hoffman is dusty Academy Award actor I would I would I was right for the role he was miscast Twitter what do you give a billionaire on Valentines Day coupons definitely not chocolates you know 
what a nice hello goes a long way a little kindness I think thats what I want for Valentines Day my most memorable Valentines Day would not be familyfriendly right about now so well pass on that one how did Mark Cuban save his wealth from the dotcom crash he sold broadcast calm for billion in Yahoo stock how did he get out before it all went down well Im gonna tell you before we ed broadcast comm as audio net in the mid 90s I had sold couple companies and traded stocks a lot I made a lot of money trading technology stocks when we took broadcast comm public in our firstday IPO price the increase was the largest increase for an IPO in the history of the stock market at the time and then Yahoo bought us for billion dollars and stuff some people thought the stock market was going to go up forever I had more than a billion dollars to my name they said oh you should just keep your stock and dont do anything with it because its gonna keep on going up forever I was worth more than a billion dollars how much money do you need theres no reason to be greedy I didnt need more I just needed to keep what I had I watched my broker and I did something called a caller and I had to wait six months and that was a nerveracking six months but I sold whats called calls on Yahoo 
which gave somebody else to write to buy it at a higher price and I used that money to buy something called puts which meant if the stock dropped below a certain point I was able to sell that stock at the value of the put when the internet stock market bubble burst that saved me you know was unfortunate a lot of people lost a lot of money and impacted the economy I was able to protect myself but it was really building of the fact that I wasnt greed looking back theres been articles written about that trade thats been called one of the top stock trades of all time if youre buying and trading stocks always remember this when you think youve made the best stock by ever you are so smart and everybody knows this stock is going up forever ask yourself 
why somebody sold it to you Im not saying sell your stocks Im not saying the markets going to go down I dont know and neither do you so be careful now Im getting all preachy Instagram honest question Ill preface it by saying I truly think youre the best owner in team sports thanks David what was the process you went through
 when you overruled your management team and passed on giannis if you dont know Yanis inst comfo the Greek freak probably gonna win the MVP for the Milwaukee Bucks and in our general manager Donnie Nelson said we have to get this kid if youre a basketball fan you know the Greek who the Greek freak freak is you know how amazing is he back then there were two VHS tapes of him playing in this horrible little league that probably wasnt as good as the league I played in at the gym we just had these tapes but our guys had gone to see him they said this is the guy hes gonna be really good and Im like who else was watching this kid if hes going to be a superstar you would think somebody would draft him the double bad news did not only do we not get the Greek freak and missed out on him but we also didnt get the free agents we wanted either so we got shut out thanks for asking that question why does Mark Cuban do his own laundry now, first of all, I dont always do my own laundry 
when I travel I do my own laundry I just do but my wife kills me because I dont use laundry detergent like for workout gear Ill just throw it into the washing machine theres no good reason other than laziness and then Ill just throw it into the dryer but you know sets a good example for my kids if dads doing his own laundry I don't have a good reason beyond that which companies that have appeared on shark tank do Mark Cuban regret not investing it none when we come to shoot theyll just bring in deal after deal after deal and
 when they walk in we know nothing about them theyll just pitching us and we have to decide what were going to do right there and then a shark tank deal on television might be minutes they can go minutes two hours imagine that one after another for weeks at a time once they leave they are gone lost forgotten I dont pay attention to any deals that I didnt get as Kevin would say theyre dead to me em Cuban we all know you sold garbage bags door-to-door Im doing that right now why I have no idea but what were the following six job I sold garbage bags door-to-door when I was years old because my dad told me the only way I could get new basketball shoes was if I had a job and one of his buddies said I have all these garbage bags to sell
 why dont you sell him so I sold him doortodoor got my kicks my next six jobs oh my god I was a box boy I got a job working on a delicatessen I was chopping chip chopped ham if youre from Pittsburgh you know what chip chopped ham is whats the paying attention and this finger went right into the blade that was spinning around and chopped off the end of my finger went flying on a bully everywhere that job ended like that after that I had a bunch of odd jobs laying carpet just random random jobs Im CUBAN renting a book on maths history you would play wiffle ball in the first mansion you bought after the broadcast calm sail accurate absolutely one of my former partners came to me and said theres this enormous house that some guys spent twenty five million dollars to build and I could get it for half the cost that he cut to custom to build twelve million dollars I said Ill buy it sight unseen the place is enormous square feet arent even still to this day dont know how many bedrooms or bathrooms a year or two would go by and I wouldnt go upstairs and you know there were rooms I had still havent been in in years in the ballroom there was a fireplace a window theres a pillar and theres a bar home plate first base second base third base I had a wiffle ball bat and a wiffle ball because every guy who lives on their own does my buddies would come over then it was big enough you can curve the ball and hit and run and hit homeruns and until I got married effectively I had no furniture and we played wiffle ball in my ball room I still had the house and I still had the wiffle ball bat and literally just the other day the dog ate the wiffle ball if your tax rate was dropped to say zero would you take that money not paid in taxes and give it to the workers in your companies in my opinion the idea that corporation would is unfounded Ill tell you exactly 
what I would do if you remember what I said about broadcast comm when we sold the company out of three hundred and thirty employees three hundred own shares of stock and became millionaires in my companies that I everybody has stock if taxes went to zero and I dont think thats a good idea but if taxes did go to zero I would invest in the company to make it as big and profitable so stinking profitable that because the employees are owners 
whenever I got paid they would get paid too when you get paid by the hour sure the more you make the better things are but if you own stock in a company then the better that company does the better you do and the only way to get out of that mode of getting paid by the hour getting paid a salary is if the company grows as big as it possibly can neither generates a lot of cash so that you get paid 
where the company gets sold and to me thats how you to fight income inequality during college he had various business ventures including a bar disco lessons and a chain letter yes I did I went to Indiana University and I had to pay for my own school well I had to figure out every 
which way in order to do it the chain letter was my junior year you buy the chain letter from somebody and then the letter is a list of ten names you give to the person you bought the letter from and you send to the person at the top of the list scratch their name off put your name at the bottom then find at least ten people to sell it to so that one by one your name works its way to the top of the list 
while I did that and got my name to the top of the list and I also sold it so that none of the people I sold it to lost any money because I would have felt horrible I remember getting up every morning so excited because thered be like envelopes with bucks here bucks there it was it was amazing it was great it was illegal but that was my chain letter my junior year and thats how I paid for my junior year of college now in term of disco lessons I needed a job I like to dance I always like to dance I was okay at it I was out dancing with some friends at a club somebody saw me and theyre like we need you to give disco lessons at our sorority house cool how much you gonna pay me theyre like an hour oh my yes I got to go to a sorority house 

who then referred me to another sorority house 

who done referred me to another sorority house it was the happiest time of my life I cant show them all the place I would dance we would throw parties there Id act as a party promoter but that bar was going out of business I took another student alone fifteen hundred I think it was I went to my friend and he had some money Evan we said okay we want to take over the bar and I dont really have much cash to give you but I want to turn it from a disco into more of a rock oriented dance and hang out and party bar and they were like cool and so we wrote up a little contract and I mean I was so stupid Id even use a lawyer I was able to take over the bar and effectively buy it we took all the disco stuff out put in the best sound system and stereo system that we could find if we didnt have a lot of people come those first couple days we were out of business immediately I was using my student loan money and I still had to pay for college and it would have been a big problem we opened up and there were lines to get how did I open it being under they didnt ask him I didnt tell you agree with Mark Cuban that liberal arts graduates will become more valuable in the future twelve years ago there was no iPhone years ago the internet was just happening years ago we were just seeing PCs and wed come so far just with that artificial intelligence and the advances it introduced is just gonna dwarf iPhones you know local area networks the internet its just gonna blow them away were gonna using AI for a lot of different applications in jobs if youre gonna build an AI a neural network that is about Shakespeare if thats about customer service in telecommunications thats about any particular topic you need someone with expertise not only in their topics but people 

who are able to be able to put together an objective network so that

 they're able to find and eliminate biases wherever they find them humanities and technology in the world of artificial intelligence have to come together otherwise we're gonna see all kinds of problems data is going to drive everything that we do were really gonna live in a completely different world and even though technology might not have been the same years ago typically we tend to go through the same types of problems and having people with a perspective that's different than a technologist will be incredibly valuable that's it for today I've answered your questions this was actually me '
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