Most people’s expertise is focused into just one or 2 areas. I’m constantly reminded of this when actors & business people offer their opinions on public policy. It often seems like they didn’t think it through. Cuban is no expection, plus I regard him as a little flaky.
When Mark says stuff like this, it shows that he’s not the business genius that his fan-boys think he is. He must have some really good people under him who are really running things because most of what he touches loses money and makes him look like an idiot, which lends credence to the theory that he stumbled ass-backwards into his original money. In 2011, Mark got into a bind with insider trading but was let off because there was just enough uncertainty in his actual involvement and the SEC’s case wasn’t ironclad enough. Mark the multi-billionaire risked years in jail and millions in fines in an effort to avoid losing $750,000. How smart is that?