Mark Cuban Says His Worst Investments Typically Have One Thing in Common

Mark Cuban sold Broadcast.com to Yahoo in 1999 for $5.7 billion. Today he is a serial entrepreneur, owner of the Dallas Mavericks, longtime "Shark Tank" Shark, executive producer and bestselling author. He currently leads Mark Cuban Companies, which includes companies across multiple industries ranging from healthcare to AI. Cuban has over 11 million followers across its social media platforms.
Recognized by GOBankingRates as one of the most influential money experts - and ranked number 1 among the most popular and well-known money experts - he shares here why "doing nothing" is often the best investment strategy and the only factor that can tell if a company is a good investment is or not.
What's the one money advice you wish everyone would follow?
Don't follow the fuss, follow your homework. People tend to chase the excitement of the markets because they think if everyone else is buying or selling, then so should they. Instead, we all need to do our homework and have a good reason for buying or selling a stock.
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And if you don't know what to do, don't do anything. For decades, the markets will work in your favor.
Check Out: The Top 100 Financial Professionals of 2022
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What was the worst investment you've ever made?
So many that I can't name any. Usually it's a private company where I trusted someone I shouldn't have. The CEO's integrity is often a more important factor in the future performance of an investment than his business acumen.
If you're investing money you can't afford to lose in a private company, make sure you get independent references on management.
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Jaime Catmull contributed coverage for this article.
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This article originally appeared on GOBankingRates.com: Mark Cuban says his worst investments typically have one thing in common

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