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'More Money Chasing Fewer Stocks,' Mark Cuban On Why He No Longer Actively Trades

'More Money Chasing Fewer Stocks,' Mark Cuban On Why He No Longer Actively Trades

Billionaire investor Mark Cuban, in a recent interview with Bloomberg TV, discussed his current outlook on trading and investing.

Change In Landscape From The 90s: The owner of Dallas Mavericks said he makes his investment decisions independent of financial advisors, and sticks to companies he personally believes in. 

Cuban is a known supporter of technological innovations and holds investments in giants like Inc. (NASDAQ: AMZN) and Netflix Inc. (NASDAQ: NFLX).

"I used to trade a lot, I used to be very, very active as a trader," Cuban told David Rubenstein.

In the 90s and early 2000s, there was a lot less money chasing more stocks, but “now there is a lot more money chasing fewer stocks,” according to Cuban.

"It's harder to trade and be successful, so I just stick to companies I believe in," the "Shark Tank" host said in the Bloomberg interview.

COVID-19 Brings New Opportunity: Cuban also talked about how the COVID-19 pandemic could create opportunities for entrepreneurs and the NBA bubble. The "Shark Tank" host remarked that the lockdown situation is forcing people to adapt to a digital lifestyle.

He claimed that these troubled times is the perfect and opportune moment for creative and innovative entrepreneurs with a vision for the future.

Back in April, Cuban claimed that despite having a hopeful long-term opinion, he held a bleak view of the U.S. market rally in the short run.

Photo courtesy: Gage Skidmore via Flickr


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