1 00:00:01,200 --> 00:00:07,160 Speaker 1: The volume. The Colin Cowherd Podcast brought to you by 2 00:00:07,200 --> 00:00:09,720 Speaker 1: Fan Duel. It's never been easier to play fantasy on 3 00:00:09,800 --> 00:00:13,000 Speaker 1: Fan Duel. Whether you love basketball, golf, soccer, or any 4 00:00:13,039 --> 00:00:16,840 Speaker 1: fantasy sport, there is a contest for every fan Fan 5 00:00:16,960 --> 00:00:28,760 Speaker 1: Duel more ways to win. Hi, everybody, Welcome to the 6 00:00:28,840 --> 00:00:34,280 Speaker 1: Friday morning podcast Lucky Today. Mark Cuban you know him 7 00:00:34,320 --> 00:00:37,159 Speaker 1: as the Shark Tank investor and the owner of the 8 00:00:37,280 --> 00:00:43,279 Speaker 1: Dallas Mavericks and the potential presidential candidate. Mark comes on 9 00:00:43,320 --> 00:00:47,160 Speaker 1: the show two or three times a year. Feel Lucky, Smart, thoughtful. 10 00:00:48,000 --> 00:00:50,680 Speaker 1: Mark has been much more political in the last several years, 11 00:00:50,680 --> 00:00:53,280 Speaker 1: which I'm a huge fan of. When you're rich and 12 00:00:53,360 --> 00:00:56,279 Speaker 1: you're a billionaire, you've got time to do. You know 13 00:00:56,440 --> 00:00:59,080 Speaker 1: the Bill Gates thing, You read a lot, you talk about, 14 00:00:59,200 --> 00:01:02,640 Speaker 1: you talk about big issues, and I think Mark Cuban's 15 00:01:02,680 --> 00:01:05,720 Speaker 1: one of those guys that's fascinating. I frankly, I think 16 00:01:05,920 --> 00:01:09,000 Speaker 1: Donald Trump opened the door for celebrities to run for president, 17 00:01:09,760 --> 00:01:12,120 Speaker 1: and I would be a huge fan of Mark Cuban. 18 00:01:13,240 --> 00:01:16,039 Speaker 1: I don't have to agree with every candidate on every issue. 19 00:01:16,160 --> 00:01:19,320 Speaker 1: I really don't. That's not how I think. I'm an independent. 20 00:01:19,400 --> 00:01:22,600 Speaker 1: I go left socially fiscally right. But I think Cuban 21 00:01:22,720 --> 00:01:26,360 Speaker 1: would be a fascinating candidate if you put himself out 22 00:01:26,360 --> 00:01:29,160 Speaker 1: in the fray. And he is joining us now on 23 00:01:29,240 --> 00:01:33,680 Speaker 1: Friday for the volume Colin Cowherd Podcast. So, Mark, I 24 00:01:33,760 --> 00:01:35,680 Speaker 1: We've talked a lot of times about different stuff, and 25 00:01:35,959 --> 00:01:38,119 Speaker 1: we talk sports in business and I'm I'm a guy 26 00:01:38,160 --> 00:01:40,039 Speaker 1: that's fascinated with business, and you know a lot more 27 00:01:40,080 --> 00:01:42,200 Speaker 1: of it than I do. And you always respond to 28 00:01:43,480 --> 00:01:45,600 Speaker 1: you play kate me when I email you with my 29 00:01:45,640 --> 00:01:48,440 Speaker 1: stupid questions. I'm gonna throw I'm gonna throw this at 30 00:01:48,480 --> 00:01:50,800 Speaker 1: you that I'm a big fan of mobility. It's the 31 00:01:50,840 --> 00:01:52,680 Speaker 1: only reason I've had success in my life. I have 32 00:01:52,760 --> 00:01:56,360 Speaker 1: moved for commerce the NBA. I am a huge proponent 33 00:01:56,480 --> 00:02:02,200 Speaker 1: of player mobility. I support all players with mobility. Owners 34 00:02:02,200 --> 00:02:05,680 Speaker 1: can move franchises, GM's coaches move players can too. But 35 00:02:05,760 --> 00:02:08,480 Speaker 1: yet you and Dirk we're together twenty one years. It's 36 00:02:08,480 --> 00:02:11,840 Speaker 1: the greatest longest relationship for any player and a team. 37 00:02:12,880 --> 00:02:17,120 Speaker 1: Could I make the argument that player mobility, which there's 38 00:02:17,240 --> 00:02:20,040 Speaker 1: less of in the NFL, is not always a good 39 00:02:20,040 --> 00:02:24,320 Speaker 1: thing for your sport. It's great for the summertime, ratings. 40 00:02:24,400 --> 00:02:27,080 Speaker 1: It's more difficult during the season, There's no question about it, 41 00:02:27,120 --> 00:02:30,519 Speaker 1: because you know, continuity, corporate knowledge is always a good 42 00:02:30,520 --> 00:02:33,880 Speaker 1: thing for a team. So there's definitely challenges there and 43 00:02:33,919 --> 00:02:36,160 Speaker 1: it creates a lot of adjita as well. You know, 44 00:02:36,160 --> 00:02:38,799 Speaker 1: when you have a great player, every team stress is 45 00:02:38,800 --> 00:02:41,000 Speaker 1: about and fan base stress is about, you know, will 46 00:02:41,040 --> 00:02:43,600 Speaker 1: you lose them? And so, you know, the minute you 47 00:02:43,639 --> 00:02:46,760 Speaker 1: find out somebody's great, you start working really hard to 48 00:02:46,800 --> 00:02:51,320 Speaker 1: make them successful. Do you use Dirk's career at all 49 00:02:51,560 --> 00:02:54,120 Speaker 1: as a template for Luca? What did you learn to 50 00:02:54,320 --> 00:02:56,799 Speaker 1: do and maybe not to do? I learned a lot 51 00:02:56,840 --> 00:02:59,160 Speaker 1: more of what not to do, you know, and some 52 00:02:59,240 --> 00:03:01,200 Speaker 1: things to do. I mean, one of the most important 53 00:03:01,200 --> 00:03:03,519 Speaker 1: things is I don't think I fully appreciated Dirk while 54 00:03:03,560 --> 00:03:05,720 Speaker 1: he was playing, you know, because it was all new 55 00:03:05,800 --> 00:03:07,920 Speaker 1: to me and I was getting into the whole, you know, 56 00:03:08,000 --> 00:03:12,080 Speaker 1: experience of having a team and enjoying it and you know, 57 00:03:12,360 --> 00:03:15,120 Speaker 1: twenty years ago, and so I don't I don't think 58 00:03:15,120 --> 00:03:18,359 Speaker 1: I fully fully register on me just on the excellence 59 00:03:18,400 --> 00:03:20,160 Speaker 1: I was seeing in front of my eyes for so 60 00:03:20,200 --> 00:03:23,320 Speaker 1: many years. And I won't make that same mistake with Luca. 61 00:03:23,360 --> 00:03:26,520 Speaker 1: And in terms of you know, keeping Luca for the 62 00:03:26,560 --> 00:03:29,280 Speaker 1: next twenty one or actually twenty five years. You know, 63 00:03:29,480 --> 00:03:33,560 Speaker 1: with the way medicine and science is going, you start, 64 00:03:33,680 --> 00:03:36,520 Speaker 1: you know, you start building those types of relationships now, 65 00:03:36,840 --> 00:03:40,040 Speaker 1: because this is a relationship business. And you know, I 66 00:03:40,080 --> 00:03:42,680 Speaker 1: have to understand the goals of every player, and some 67 00:03:42,840 --> 00:03:45,320 Speaker 1: I can help come true and some I can't. But 68 00:03:45,840 --> 00:03:48,760 Speaker 1: you know, the underpinnion is winning. It's really hard to 69 00:03:49,240 --> 00:03:52,000 Speaker 1: leave a team that is doing really well and winning. 70 00:03:52,960 --> 00:03:55,400 Speaker 1: From the outside, mark they look like different I'll just 71 00:03:55,440 --> 00:03:57,160 Speaker 1: throw my opinion out and you can tell me if 72 00:03:57,160 --> 00:03:59,920 Speaker 1: I'm wrong. They look like different people. Luca's a little feisty, 73 00:04:00,560 --> 00:04:05,720 Speaker 1: Luca was greater, Younger, Luca has perhaps more domestic star appeal. 74 00:04:07,120 --> 00:04:09,080 Speaker 1: That's what it looks like to me. He's a little 75 00:04:09,120 --> 00:04:12,320 Speaker 1: more mature early. That's what I see. Is that harder 76 00:04:12,320 --> 00:04:15,120 Speaker 1: to manage? Do you think? No, it's different simply because 77 00:04:15,360 --> 00:04:16,760 Speaker 1: you know, even when I got to the maths and 78 00:04:16,839 --> 00:04:18,560 Speaker 1: Dirk had been a year and a half in Dallas, 79 00:04:18,839 --> 00:04:22,040 Speaker 1: then um, there's still language challenges for Dirk. You know, 80 00:04:22,279 --> 00:04:25,080 Speaker 1: you know, he German was his first, second and third language, 81 00:04:25,120 --> 00:04:27,560 Speaker 1: and he had to learn English. He knew something from school, 82 00:04:27,800 --> 00:04:30,760 Speaker 1: but he wasn't comfortable with it, He wasn't comfortable expressing himself, 83 00:04:31,080 --> 00:04:34,680 Speaker 1: you know, and because of that, I think he held back. 84 00:04:34,720 --> 00:04:37,680 Speaker 1: Whereas Luca is completely confident. He speaks multiple languages like 85 00:04:37,720 --> 00:04:43,479 Speaker 1: it's nothing, Spanish, Serbian, Slovenian, English, you know, and you know, 86 00:04:43,520 --> 00:04:45,160 Speaker 1: maybe every now and then, don't miss a word. But 87 00:04:45,240 --> 00:04:47,920 Speaker 1: so that allows him to be much more confident than 88 00:04:47,960 --> 00:04:50,720 Speaker 1: Dirk was. And then just generally, you know, while they 89 00:04:50,800 --> 00:04:53,440 Speaker 1: both had that same burning desire to be the best, 90 00:04:54,400 --> 00:04:59,320 Speaker 1: I think Dirk Luca, Luca and Dirk are similar in 91 00:04:59,360 --> 00:05:03,840 Speaker 1: that where there's kids, hospitals, people in need, they both 92 00:05:03,839 --> 00:05:06,159 Speaker 1: are there, right There's no question. You don't have to 93 00:05:06,160 --> 00:05:08,760 Speaker 1: ask him, you don't have to force them. They voluntarily 94 00:05:08,800 --> 00:05:12,279 Speaker 1: want to help. That's that's a strong similarity. But I 95 00:05:12,360 --> 00:05:15,080 Speaker 1: do think Luca's just a little bit more outgoing at 96 00:05:15,080 --> 00:05:17,040 Speaker 1: the same age, you know, And maybe a lot of 97 00:05:17,040 --> 00:05:19,159 Speaker 1: that has to do with social media. You know, who 98 00:05:19,200 --> 00:05:21,320 Speaker 1: knows what Dirk would have been like if he had 99 00:05:21,320 --> 00:05:24,560 Speaker 1: ten million Instagram followers or you know, Dirk dancing and 100 00:05:25,279 --> 00:05:27,040 Speaker 1: was on TikTok. You know, it could be a whole 101 00:05:27,040 --> 00:05:30,839 Speaker 1: different ballgame. But social media definitely has an impact because 102 00:05:30,880 --> 00:05:33,360 Speaker 1: remember Luca was a star in Europe and he had 103 00:05:33,400 --> 00:05:35,680 Speaker 1: a big following there and so that made a big 104 00:05:35,680 --> 00:05:40,960 Speaker 1: difference as well European players and domestic players. From a 105 00:05:41,000 --> 00:05:43,000 Speaker 1: skill level, I think players tend to be a little 106 00:05:43,040 --> 00:05:46,160 Speaker 1: more ahead of domestic players from a skill level they 107 00:05:46,240 --> 00:05:50,320 Speaker 1: go into those academies. I do think sometimes American players 108 00:05:50,360 --> 00:05:53,480 Speaker 1: have more of a pit more quality, they're they're feistier, 109 00:05:54,279 --> 00:05:56,760 Speaker 1: They've had to fight their way. This is this country's 110 00:05:56,920 --> 00:06:01,000 Speaker 1: highly competitive with sports. Through the year, You've had hits 111 00:06:01,040 --> 00:06:05,120 Speaker 1: and misses with both. Compare for our audience, the domestic 112 00:06:05,160 --> 00:06:09,560 Speaker 1: and the international player. I think you know international because 113 00:06:09,560 --> 00:06:12,560 Speaker 1: of the academies. They start young, right and they they 114 00:06:12,560 --> 00:06:16,480 Speaker 1: teach you how to play basketball a certain way because 115 00:06:16,839 --> 00:06:21,080 Speaker 1: that everybody, if you show talent and size and you 116 00:06:21,080 --> 00:06:25,120 Speaker 1: know whatever, you're gonna be geared towards a team or 117 00:06:25,120 --> 00:06:27,640 Speaker 1: an academy that wants to develop you for their system, 118 00:06:27,880 --> 00:06:30,279 Speaker 1: and so they teach you their system early. Whereas to 119 00:06:30,360 --> 00:06:33,440 Speaker 1: your point, in America, it's very Darwinian. You know, you're 120 00:06:33,440 --> 00:06:35,839 Speaker 1: coming up through AAU and you're trying to, you know, 121 00:06:36,040 --> 00:06:38,200 Speaker 1: get seen and you're trying to get to you know, 122 00:06:38,240 --> 00:06:40,600 Speaker 1: a college or now maybe the G League select team, 123 00:06:41,000 --> 00:06:43,080 Speaker 1: and so you really have got to fight and claw 124 00:06:43,200 --> 00:06:46,360 Speaker 1: on your own and you know, you don't typically have 125 00:06:46,480 --> 00:06:48,719 Speaker 1: a full team behind you. It may just be a 126 00:06:48,839 --> 00:06:51,880 Speaker 1: parent that is you're driving force, or somebody in the 127 00:06:51,920 --> 00:06:54,279 Speaker 1: neighborhood that's supportive of you, or the you know, the 128 00:06:54,320 --> 00:06:57,159 Speaker 1: boys and girls called whatever it may be. You know you. 129 00:06:57,320 --> 00:07:00,719 Speaker 1: But it's on the individual to really estabs themselves and 130 00:07:00,800 --> 00:07:04,239 Speaker 1: move up the ladder. And that's completely different Mark Cuban 131 00:07:04,360 --> 00:07:08,200 Speaker 1: joining us in the Colin Coward podcast. You know for 132 00:07:08,400 --> 00:07:11,000 Speaker 1: years and years and I think either an owner or 133 00:07:11,040 --> 00:07:14,320 Speaker 1: an executive told me this twenty thirty years ago that 134 00:07:15,080 --> 00:07:19,200 Speaker 1: the NBA thinks of it first. Baseball makes the most 135 00:07:19,280 --> 00:07:23,200 Speaker 1: money off it. The NFL sits back and usually gets 136 00:07:23,240 --> 00:07:25,760 Speaker 1: it right. You guys have always been the progressive league. 137 00:07:25,760 --> 00:07:27,960 Speaker 1: You come up with stuff first. The late David Stern 138 00:07:28,080 --> 00:07:31,880 Speaker 1: and created a new ball. Now nobody liked it, but 139 00:07:32,000 --> 00:07:34,520 Speaker 1: nonetheless that's the NBA. I got one over there, worth it. 140 00:07:34,520 --> 00:07:37,200 Speaker 1: It's over there because I went to a drawer because 141 00:07:37,200 --> 00:07:39,720 Speaker 1: I kept one as a member, you know, as memorabilia. Right, 142 00:07:40,080 --> 00:07:43,880 Speaker 1: They were awful, awful. Yeah, it would help if he 143 00:07:43,920 --> 00:07:46,320 Speaker 1: asked the stars before he you know, brings in a 144 00:07:46,360 --> 00:07:50,920 Speaker 1: new ball. The next time you're watching basketball, I've got 145 00:07:50,960 --> 00:07:52,880 Speaker 1: the perfect way for you to get in on the 146 00:07:52,880 --> 00:07:57,040 Speaker 1: action for free. I'm talking about NBA in Play, absolutely 147 00:07:57,040 --> 00:07:59,480 Speaker 1: free to play on the fandel app and features all 148 00:07:59,480 --> 00:08:02,960 Speaker 1: the fun of betting. NBA in Play turns every quarter 149 00:08:03,040 --> 00:08:05,000 Speaker 1: of every game into a free contest where you can 150 00:08:05,080 --> 00:08:08,000 Speaker 1: win real cash prizes. So while you're watching the game, 151 00:08:08,040 --> 00:08:10,280 Speaker 1: all you have to do is predict the outcomes of 152 00:08:10,400 --> 00:08:13,560 Speaker 1: plays and game props before they happen to claim your 153 00:08:13,600 --> 00:08:15,600 Speaker 1: share of the prize pool. Best of all, a new 154 00:08:15,680 --> 00:08:18,760 Speaker 1: contest starts every quarter of every game, giving you even 155 00:08:18,880 --> 00:08:22,280 Speaker 1: more ways to win. FanDuel is the exclusive home for 156 00:08:22,440 --> 00:08:25,360 Speaker 1: NBA in Play, so the action is always available right 157 00:08:25,400 --> 00:08:28,160 Speaker 1: at your fingertips on the fan Duel app. The app 158 00:08:28,280 --> 00:08:31,240 Speaker 1: is easy to use. It takes less than two minutes 159 00:08:31,240 --> 00:08:33,600 Speaker 1: to sign up. I did. It's a breeze, and it 160 00:08:33,640 --> 00:08:37,000 Speaker 1: doesn't matter where you live or where you're traveling to 161 00:08:37,080 --> 00:08:40,200 Speaker 1: because NBA in Play is available in every state. Don't 162 00:08:40,240 --> 00:08:42,320 Speaker 1: miss your shot. Get in the game and download the 163 00:08:42,320 --> 00:08:50,400 Speaker 1: FanDuel app to start playing NBA in Play today. Yeah, 164 00:08:50,440 --> 00:08:53,120 Speaker 1: you know it's funny about that. I was on Bill 165 00:08:53,200 --> 00:08:55,480 Speaker 1: Maher's show, and I remember he asked me a question 166 00:08:55,520 --> 00:08:59,040 Speaker 1: about this, and I said, every sport asks something of us. 167 00:08:59,080 --> 00:09:02,559 Speaker 1: I said, Baseball asks us to be patient, there's no clock. 168 00:09:04,040 --> 00:09:07,480 Speaker 1: Football asks us to understand there's a regulated level of violence. 169 00:09:07,480 --> 00:09:10,680 Speaker 1: It can get kind of ugly. And basketball occasionally asks 170 00:09:10,760 --> 00:09:13,160 Speaker 1: us that it's African American stars may have an opinion 171 00:09:13,200 --> 00:09:16,320 Speaker 1: outside of sports. Olympics has also asked us that I'm 172 00:09:16,440 --> 00:09:20,840 Speaker 1: incredibly comfortable with that I had a European mother, you know, 173 00:09:20,880 --> 00:09:24,319 Speaker 1: my dad was. I thought, pretty smart, progressive person. Are 174 00:09:24,480 --> 00:09:29,920 Speaker 1: you ever bothered by the vile nature of you're not? Instagram, 175 00:09:30,000 --> 00:09:33,040 Speaker 1: Twitter and social media? And sometimes you feel like your anthem, 176 00:09:33,080 --> 00:09:35,600 Speaker 1: you did it, nobody, nobody talked about it. Then it 177 00:09:35,679 --> 00:09:38,920 Speaker 1: comes out, and then it comes out and the people 178 00:09:39,040 --> 00:09:41,160 Speaker 1: attack you on social media. And I don't know if 179 00:09:41,160 --> 00:09:43,239 Speaker 1: you feel this way, but I almost feel like sometimes 180 00:09:43,400 --> 00:09:47,040 Speaker 1: as a corporation, you feel a necessity to soothe the 181 00:09:47,080 --> 00:09:49,920 Speaker 1: social media masses. How do you view it as somebody 182 00:09:49,960 --> 00:09:52,480 Speaker 1: that's so clever and smart on social media? Yeah, I 183 00:09:52,480 --> 00:09:54,600 Speaker 1: don't know if I'm clever and smart social media, but 184 00:09:54,920 --> 00:09:57,439 Speaker 1: you know, i'mlike everybody else, particularly since I'm so competitive. 185 00:09:57,720 --> 00:10:01,160 Speaker 1: My first reaction is fight back, right. You don't know, 186 00:10:01,600 --> 00:10:04,480 Speaker 1: da dada. I can't tell you how many tweets that 187 00:10:04,600 --> 00:10:07,160 Speaker 1: I came like this close to hitting the tweet button 188 00:10:07,240 --> 00:10:09,800 Speaker 1: right and moving the mouth and then thought better of it. 189 00:10:09,960 --> 00:10:13,120 Speaker 1: Probably ninety nine point nine of my tweets in those 190 00:10:13,160 --> 00:10:16,880 Speaker 1: types of situations. And I just and I say it 191 00:10:16,920 --> 00:10:20,120 Speaker 1: to other people as well. Twitter's not real world, you know. 192 00:10:20,320 --> 00:10:22,280 Speaker 1: And I never look at Instagram comments, you know, or 193 00:10:22,280 --> 00:10:25,120 Speaker 1: at least not past the first five. And so you 194 00:10:25,160 --> 00:10:27,600 Speaker 1: can't look at Twitter as being the real world because 195 00:10:28,600 --> 00:10:32,800 Speaker 1: it would be so disappointing and so, you know, disgusting 196 00:10:32,840 --> 00:10:35,560 Speaker 1: to think of that. Um, you know. And so I 197 00:10:35,640 --> 00:10:37,560 Speaker 1: look at it. Some of it I'll read, but what 198 00:10:37,640 --> 00:10:41,040 Speaker 1: if it's really controversial, I'll typically just not look at all. 199 00:10:41,960 --> 00:10:44,319 Speaker 1: You know. Somebody gave me great advice once Mark on it. 200 00:10:44,559 --> 00:10:49,000 Speaker 1: Um he said. Play offense is that give content, Be witty, 201 00:10:49,080 --> 00:10:52,600 Speaker 1: be smart, don't defend yourself, be offensive. It's like the 202 00:10:52,720 --> 00:10:56,800 Speaker 1: NBA today, Zion and Luca are not yet great defenders. 203 00:10:57,320 --> 00:10:59,960 Speaker 1: Who cares they drop twenty eight and we can't stop 204 00:11:00,080 --> 00:11:03,400 Speaker 1: up watching them right now. Absolutely, And it's entertainment at 205 00:11:03,440 --> 00:11:05,960 Speaker 1: the end of the day, and it's a player driven entertainment. Well, 206 00:11:06,000 --> 00:11:08,560 Speaker 1: you know, when it comes to social media, you know, 207 00:11:08,800 --> 00:11:11,200 Speaker 1: I try to play I try to be coy and 208 00:11:11,280 --> 00:11:14,680 Speaker 1: how I play defense. Right, So the most vile comments 209 00:11:14,720 --> 00:11:17,240 Speaker 1: about me when I do look, I'll like it. I 210 00:11:17,400 --> 00:11:20,040 Speaker 1: hit the red, you know, I'll hit the heart. And 211 00:11:20,800 --> 00:11:23,640 Speaker 1: then and then it turns out I started getting people 212 00:11:23,640 --> 00:11:25,400 Speaker 1: who followed me who would just look to see what 213 00:11:25,480 --> 00:11:28,360 Speaker 1: I liked and just crack up over it, you know, 214 00:11:28,360 --> 00:11:30,320 Speaker 1: because it would be like Cuban, you da da da 215 00:11:30,400 --> 00:11:32,720 Speaker 1: da da da da da up like you know, Cuban, 216 00:11:32,880 --> 00:11:35,440 Speaker 1: you idiot, da da da dada like you know. And 217 00:11:35,440 --> 00:11:38,120 Speaker 1: so that's kind of my way of just saying, you 218 00:11:38,120 --> 00:11:43,559 Speaker 1: know what, you know, take this one. Um. I had 219 00:11:43,600 --> 00:11:47,200 Speaker 1: to officiate mark during college to pay for my college. 220 00:11:47,240 --> 00:11:50,280 Speaker 1: I got eight dollars to officiate intermural games, so I 221 00:11:50,280 --> 00:11:53,360 Speaker 1: did about seven a night. My parents were divorced, and 222 00:11:53,480 --> 00:11:56,080 Speaker 1: so I am a defender of officials. You have often 223 00:11:56,120 --> 00:11:59,760 Speaker 1: been the leader of the critical voice of officiating. I 224 00:12:00,120 --> 00:12:02,480 Speaker 1: saw somewhere recently you said, you know, you think it's 225 00:12:02,480 --> 00:12:05,199 Speaker 1: actually getting a little bit worse. And I don't know 226 00:12:05,200 --> 00:12:06,520 Speaker 1: if that's true or not, but you got it from 227 00:12:06,600 --> 00:12:09,079 Speaker 1: that last season that this season that was less. Okay, 228 00:12:10,120 --> 00:12:13,920 Speaker 1: But let me ask you why, why why would it 229 00:12:13,960 --> 00:12:16,560 Speaker 1: get worse? Everything else in the world slightly getting better. 230 00:12:16,640 --> 00:12:19,400 Speaker 1: Why would it get worse. You're trying to get me 231 00:12:19,440 --> 00:12:23,240 Speaker 1: in trouble again. I'll repeat what I've said before, right effectively, 232 00:12:24,160 --> 00:12:27,440 Speaker 1: I don't have a problem with the officials, right. They're 233 00:12:27,440 --> 00:12:29,280 Speaker 1: doing the best they can, especially this year. You haven't 234 00:12:29,280 --> 00:12:31,600 Speaker 1: heard me say award this year because officials have got 235 00:12:31,640 --> 00:12:34,760 Speaker 1: it really rough. They really really do. I mean, traveling 236 00:12:34,800 --> 00:12:38,199 Speaker 1: with the team, you're stuck in your hotel, you're quarantine continuously, 237 00:12:38,520 --> 00:12:41,720 Speaker 1: you can't really have any outside interactions with anybody else. 238 00:12:42,000 --> 00:12:44,880 Speaker 1: You can't even take a walk in some situations, and 239 00:12:44,920 --> 00:12:47,040 Speaker 1: so it's really really difficult from So I might yell 240 00:12:47,080 --> 00:12:48,640 Speaker 1: at him some at the game, but they'll see me 241 00:12:48,720 --> 00:12:50,880 Speaker 1: smiling as well, and I'll and you know, and I'll 242 00:12:50,880 --> 00:12:52,520 Speaker 1: even say something to him during the game. Hey, I 243 00:12:52,559 --> 00:12:55,240 Speaker 1: really appreciate the fact of what you guys are going through, 244 00:12:55,280 --> 00:12:58,319 Speaker 1: So thanks, thanks for being here. But that's never been 245 00:12:58,360 --> 00:13:00,520 Speaker 1: the problem that I've had with the officials. The problem 246 00:13:00,600 --> 00:13:02,760 Speaker 1: has always been with management, you know. And I'll just 247 00:13:02,800 --> 00:13:06,240 Speaker 1: give you one perfect example. If you can't become a 248 00:13:06,320 --> 00:13:08,600 Speaker 1: great official in the G league, how are you going 249 00:13:08,640 --> 00:13:11,360 Speaker 1: to become a great official in the NBA? And I 250 00:13:11,400 --> 00:13:14,720 Speaker 1: just have never felt like we've invested enough money to train, 251 00:13:15,520 --> 00:13:18,480 Speaker 1: you know, officials to become great. You know, they should 252 00:13:18,520 --> 00:13:20,280 Speaker 1: be able to they should be so good in the 253 00:13:20,360 --> 00:13:23,000 Speaker 1: G League that you know, people were like wondering, Wow, 254 00:13:23,080 --> 00:13:27,679 Speaker 1: these these officiated officiation. Officiating in the G League is phenomenal. Right, 255 00:13:27,720 --> 00:13:30,080 Speaker 1: get these guys up to the NBA, because that's really 256 00:13:30,080 --> 00:13:32,400 Speaker 1: where we need to train them. And for a long time, 257 00:13:32,520 --> 00:13:35,040 Speaker 1: we didn't start training them really until they made it 258 00:13:35,080 --> 00:13:37,040 Speaker 1: to the NBA. You know, we took the best of 259 00:13:37,080 --> 00:13:40,200 Speaker 1: the G League, gave him some support down there, but 260 00:13:40,280 --> 00:13:42,640 Speaker 1: I think it was like one person, you know, And 261 00:13:42,679 --> 00:13:46,040 Speaker 1: so that's all changed over the past twelve months, and 262 00:13:46,040 --> 00:13:49,319 Speaker 1: so we'll see what happens. But you know, as into it. 263 00:13:49,520 --> 00:13:52,240 Speaker 1: And it's funny like when I played in leagues or whatever, 264 00:13:53,040 --> 00:13:54,679 Speaker 1: never at a high level, but playing I never got 265 00:13:54,760 --> 00:13:57,080 Speaker 1: mad at the officials. But it's just, you know, during 266 00:13:57,120 --> 00:14:01,600 Speaker 1: the game, it's so sometimes I feel so helpless because 267 00:14:01,600 --> 00:14:04,240 Speaker 1: there's no I have no control whatsoever. So rather than 268 00:14:04,320 --> 00:14:06,680 Speaker 1: yelling at the players, I yell at the REFS. You know, 269 00:14:06,720 --> 00:14:09,240 Speaker 1: it's interesting you and Steve Ballmer, people who made lots 270 00:14:09,240 --> 00:14:12,079 Speaker 1: of money in technology. It used to be that owners 271 00:14:12,320 --> 00:14:18,040 Speaker 1: of sports franchises were often real estate people. George Steinbreder 272 00:14:18,080 --> 00:14:20,680 Speaker 1: made it in shipping, Larry Miller of the jazz and 273 00:14:20,840 --> 00:14:24,880 Speaker 1: car dealerships. Now increasingly with the uber wealth of young 274 00:14:24,920 --> 00:14:28,920 Speaker 1: people in technology, that's where ownership is going give me 275 00:14:29,160 --> 00:14:33,200 Speaker 1: a similarity and a dissimilarity in the tech world. The 276 00:14:33,280 --> 00:14:36,040 Speaker 1: pro sports If if if a young tech guy was 277 00:14:36,040 --> 00:14:39,120 Speaker 1: gonna or a woman was gonna buy a team, you'd say, Okay, 278 00:14:39,440 --> 00:14:41,200 Speaker 1: this is where tech is going to help you as 279 00:14:41,200 --> 00:14:43,840 Speaker 1: a pro sports owner. And this is where it's going 280 00:14:43,880 --> 00:14:46,760 Speaker 1: to be a liability. Well now as of now put 281 00:14:46,760 --> 00:14:50,560 Speaker 1: aside when I came into Lee. Now artificial intelligence, right, 282 00:14:50,640 --> 00:14:53,640 Speaker 1: So if you understand AI, and you understand computer vision, 283 00:14:53,720 --> 00:14:56,680 Speaker 1: and you're able to deal with post estimation and you 284 00:14:56,720 --> 00:15:00,960 Speaker 1: know the all the different l ments that go into that, 285 00:15:01,160 --> 00:15:04,960 Speaker 1: you're gonna have an advantage because that's where analytics is going. 286 00:15:05,400 --> 00:15:10,560 Speaker 1: If you are a healthcare tech entrepreneur and you're able 287 00:15:10,720 --> 00:15:14,680 Speaker 1: and you have an advanced knowledge of healthcare science and technology, 288 00:15:15,040 --> 00:15:17,880 Speaker 1: you're going to have an advantage. And so those are 289 00:15:17,880 --> 00:15:21,000 Speaker 1: the two places. But part three of that is, you know, 290 00:15:21,240 --> 00:15:23,280 Speaker 1: anybody who gets to the level of success where they 291 00:15:23,280 --> 00:15:24,880 Speaker 1: can just write a check for a team, you know, 292 00:15:25,200 --> 00:15:27,960 Speaker 1: multi billion, you have an arrogance about you. And I 293 00:15:27,960 --> 00:15:31,280 Speaker 1: remember coming into the league thinking they have no to 294 00:15:31,400 --> 00:15:33,200 Speaker 1: think of the other owners, they have no idea. I'm 295 00:15:33,240 --> 00:15:36,080 Speaker 1: just gonna just you know, tear it apart. And the 296 00:15:36,120 --> 00:15:40,600 Speaker 1: reality is they're smart, and you know, there's no circumventing 297 00:15:40,640 --> 00:15:43,080 Speaker 1: the salary cap. There's no working around this, there's no where. 298 00:15:43,280 --> 00:15:47,080 Speaker 1: It's all been tried before and it doesn't work. And 299 00:15:47,640 --> 00:15:50,920 Speaker 1: so you really realize just how neutralized you are and 300 00:15:50,920 --> 00:15:53,720 Speaker 1: how fair it is. From that perspective, Who was the 301 00:15:53,760 --> 00:15:56,040 Speaker 1: first owner that taught you something when you came into 302 00:15:56,040 --> 00:15:59,800 Speaker 1: the NBA that you really thought, Jerry, Buddy, Wow, that great? 303 00:15:59,840 --> 00:16:02,640 Speaker 1: And what was it? Mark? He told me, you know 304 00:16:02,680 --> 00:16:04,160 Speaker 1: what they used to give me. Hell, he gave me 305 00:16:04,200 --> 00:16:06,360 Speaker 1: the example of when he gave Magic Johnson the twenty 306 00:16:06,360 --> 00:16:08,640 Speaker 1: five million dollars, you know, twenty five year, a million 307 00:16:08,640 --> 00:16:11,040 Speaker 1: dollars a year contract, and he said, the whole league 308 00:16:11,080 --> 00:16:13,920 Speaker 1: hated me. Stick to your guns, you know, stand up, 309 00:16:14,000 --> 00:16:16,600 Speaker 1: don't let them, you know, get you down, because literally 310 00:16:16,600 --> 00:16:19,520 Speaker 1: I'd go into meetings and there was one owner, you 311 00:16:19,520 --> 00:16:22,200 Speaker 1: know he's long gone now, but he was like, you 312 00:16:22,360 --> 00:16:26,160 Speaker 1: shut the f up. You m f m F n's 313 00:16:26,280 --> 00:16:28,560 Speaker 1: you've not done nothing for this league. Why are you 314 00:16:28,560 --> 00:16:31,520 Speaker 1: even speaking. I don't want to see your faith all 315 00:16:31,560 --> 00:16:33,520 Speaker 1: this kind of stuff. And David Sterning stood up for 316 00:16:33,560 --> 00:16:35,520 Speaker 1: me and told him to quiet down. But I'm like, 317 00:16:35,840 --> 00:16:37,640 Speaker 1: I don't care. And then I got his name wrong 318 00:16:37,720 --> 00:16:42,200 Speaker 1: when I responded to his name wrong. And so you know, 319 00:16:42,880 --> 00:16:45,600 Speaker 1: it just is what it is, um and it's changed 320 00:16:45,600 --> 00:16:47,200 Speaker 1: a lot, and it's changed for the better. It's great 321 00:16:47,200 --> 00:16:49,920 Speaker 1: having Steve, it's great having Wick, it's great having you know, 322 00:16:50,440 --> 00:16:53,120 Speaker 1: Ryan from Qual Tricks. That's the new owner of the Jazz, 323 00:16:53,120 --> 00:16:57,080 Speaker 1: who's super smart. But you know what's interesting, and it's 324 00:16:57,080 --> 00:16:59,760 Speaker 1: just when you look back, it almost happens all the 325 00:16:59,800 --> 00:17:03,800 Speaker 1: time when somebody, for whatever reason, when there's a new 326 00:17:03,880 --> 00:17:07,199 Speaker 1: owner of the team, the team's always good, right you 327 00:17:07,240 --> 00:17:09,560 Speaker 1: look at the Jazz this year, you go back over it. 328 00:17:09,600 --> 00:17:11,800 Speaker 1: You know, when I first bought the team, we were awful, 329 00:17:12,160 --> 00:17:14,879 Speaker 1: and then the next year we were good. You know, 330 00:17:15,160 --> 00:17:17,920 Speaker 1: teams owners are really bad at picking win to cell 331 00:17:18,000 --> 00:17:20,720 Speaker 1: teams you know, in terms of winning and losing, because 332 00:17:21,000 --> 00:17:24,080 Speaker 1: you know, just go down to the Celtics, right, struggling, 333 00:17:24,160 --> 00:17:26,960 Speaker 1: and then two thousand and eight they win. Right. Um, 334 00:17:28,040 --> 00:17:30,840 Speaker 1: I guess Mickey was around for the heat m But 335 00:17:31,000 --> 00:17:33,320 Speaker 1: it just over and over again. You know. It just 336 00:17:33,359 --> 00:17:36,360 Speaker 1: happens that when a new owner comes in, that's where 337 00:17:36,359 --> 00:17:38,160 Speaker 1: the team is going to be good. So I'm vetoing 338 00:17:38,200 --> 00:17:41,160 Speaker 1: all new ownership groups. Hey, let me throw a theory 339 00:17:41,160 --> 00:17:43,960 Speaker 1: at you. Why that's true because most of you are 340 00:17:44,040 --> 00:17:46,359 Speaker 1: very smart and very distracted. In the first year to 341 00:17:46,440 --> 00:17:50,479 Speaker 1: two of ownership, you're all in on your team, and 342 00:17:50,520 --> 00:17:56,280 Speaker 1: then it becomes an old toy two years. No no, no, 343 00:17:56,280 --> 00:17:59,520 Speaker 1: no no, Because this is the only business you've I've 344 00:17:59,560 --> 00:18:02,240 Speaker 1: talked about this before where if you do really, really well, 345 00:18:02,240 --> 00:18:04,359 Speaker 1: they throw a parade. You know, it doesn't matter how 346 00:18:04,359 --> 00:18:07,680 Speaker 1: many cars Tesla shift, doesn't matter how bigger quarter Google has, 347 00:18:07,760 --> 00:18:10,560 Speaker 1: or Facebook or Apple has. Nobody's throwing a parade in 348 00:18:10,600 --> 00:18:15,640 Speaker 1: Cupertino for Apple, you know. But you know, whoever wins 349 00:18:16,160 --> 00:18:18,800 Speaker 1: that that city is just on fire, and particularly now 350 00:18:18,840 --> 00:18:21,680 Speaker 1: you really need it, right, you know. And and so 351 00:18:21,960 --> 00:18:25,000 Speaker 1: it's it's going to it's it's completely different, and you 352 00:18:25,080 --> 00:18:28,479 Speaker 1: can't get disconnected from it, or you know, you'll it 353 00:18:28,560 --> 00:18:31,760 Speaker 1: just doesn't work. Mark Cuban joining Us, owner of the MAVs. 354 00:18:31,800 --> 00:18:34,480 Speaker 1: I'm a proponent of sports betting. I used to live 355 00:18:34,480 --> 00:18:39,600 Speaker 1: in Vegas. UM. This network is sponsored by fan Duel. 356 00:18:40,400 --> 00:18:45,080 Speaker 1: So there's also right now there's a I just read 357 00:18:45,080 --> 00:18:47,600 Speaker 1: the other day a bill in Texas legislature that allows 358 00:18:47,640 --> 00:18:51,040 Speaker 1: pro sports franchises like the MAVs to be licensed sportsbook operators. 359 00:18:51,560 --> 00:18:58,359 Speaker 1: There is some skepticism in the Texas goop. Um, why 360 00:18:58,480 --> 00:19:00,960 Speaker 1: is their resistance? In your opinion, it's not big enough. 361 00:19:01,920 --> 00:19:05,680 Speaker 1: Dan Patrick was very clear Lieutenant Governor when he said 362 00:19:06,080 --> 00:19:08,280 Speaker 1: that it would raise one hundred and fifty million dollars. 363 00:19:08,320 --> 00:19:11,159 Speaker 1: I think he said for the entire state, which is 364 00:19:11,200 --> 00:19:14,639 Speaker 1: about two seconds of one day of the Texas state budget. 365 00:19:15,119 --> 00:19:17,879 Speaker 1: And so we need to think a lot bigger to 366 00:19:18,000 --> 00:19:20,280 Speaker 1: have a lot of impact, and not just in the 367 00:19:20,640 --> 00:19:23,200 Speaker 1: big cities where there's sports teams, but in the little 368 00:19:23,200 --> 00:19:25,640 Speaker 1: towns as well. We need to think about every Texan 369 00:19:25,960 --> 00:19:28,240 Speaker 1: and what it means to them and find a way 370 00:19:28,240 --> 00:19:31,480 Speaker 1: to make it, you know, a winning certain set of 371 00:19:31,520 --> 00:19:37,720 Speaker 1: circumstances for everybody to Texas politics, ever, frustrate you no, 372 00:19:37,800 --> 00:19:40,920 Speaker 1: because I typically stay away from localized politics. I mean, look, 373 00:19:41,000 --> 00:19:43,879 Speaker 1: when I got involved in national politics, that was aberrational 374 00:19:43,920 --> 00:19:45,960 Speaker 1: for me, and it was only for one obvious reason, 375 00:19:46,080 --> 00:19:49,040 Speaker 1: right that we've talked about. But now you're going to 376 00:19:49,119 --> 00:19:51,879 Speaker 1: see me fade away from all that. I really, you know, 377 00:19:52,000 --> 00:19:55,000 Speaker 1: I might get involved if there's causes, whether it's you know, 378 00:19:55,080 --> 00:19:58,240 Speaker 1: dealing with new technologies or things that I can have 379 00:19:58,400 --> 00:20:01,680 Speaker 1: impact on, like low cost drugs and things I'm working on, 380 00:20:01,760 --> 00:20:05,160 Speaker 1: But other than that, I stay away from local politics. 381 00:20:05,160 --> 00:20:09,240 Speaker 1: In particular. I've always thought politics discourages many of the 382 00:20:09,280 --> 00:20:13,840 Speaker 1: smartest people in the country. Um it's um, you know, 383 00:20:13,880 --> 00:20:17,280 Speaker 1: Barack Obama was largely stifled by Mitch McConnell all of 384 00:20:17,280 --> 00:20:21,280 Speaker 1: his ideas, and I think obviously the smartest people are 385 00:20:21,320 --> 00:20:25,000 Speaker 1: looking for paths in which their ideas can come to fruition. 386 00:20:26,560 --> 00:20:29,800 Speaker 1: I don't know if you're built for politics, you certainly 387 00:20:29,800 --> 00:20:32,600 Speaker 1: have I think you're you're not. First of all, you're 388 00:20:32,640 --> 00:20:36,920 Speaker 1: not conciliatory. It's not in your DNA no, And frankly, 389 00:20:37,240 --> 00:20:41,560 Speaker 1: you'd be dealing often with very average people that would 390 00:20:41,600 --> 00:20:43,760 Speaker 1: have leverage and power over you, and I think it 391 00:20:43,760 --> 00:20:46,520 Speaker 1: would be a losing combination for your personality. That's just 392 00:20:46,600 --> 00:20:49,080 Speaker 1: might take your thoughts. I don't disagree at all, you know, 393 00:20:49,280 --> 00:20:52,320 Speaker 1: I mean i'd be combative, you know, I'd be you know, 394 00:20:52,600 --> 00:20:56,280 Speaker 1: we've got to get this done, find a way, you know, entrepreneurial. Um, 395 00:20:57,320 --> 00:20:59,760 Speaker 1: it'd be very difficult for me to to just sit 396 00:20:59,800 --> 00:21:01,600 Speaker 1: down in front of somebody that I didn't respect and 397 00:21:01,920 --> 00:21:04,520 Speaker 1: try to get their vote, you know, to get something passed. 398 00:21:05,119 --> 00:21:08,600 Speaker 1: And so you're right, I'm not built for politics in 399 00:21:08,640 --> 00:21:12,960 Speaker 1: a traditional way at all. Okay, you'd become a noted 400 00:21:13,000 --> 00:21:15,440 Speaker 1: proponent of NBA top shot. I heard about this two 401 00:21:15,480 --> 00:21:18,080 Speaker 1: days ago. It's a blockchain based platform allows people to 402 00:21:18,080 --> 00:21:22,520 Speaker 1: buy and sell numbered versions of video highlights called moments. Now, 403 00:21:22,560 --> 00:21:25,960 Speaker 1: this is very complicated. I'm a simple guy in his fifties. 404 00:21:26,600 --> 00:21:30,520 Speaker 1: Okay for a layman mark like me. Okay, why are 405 00:21:30,560 --> 00:21:34,040 Speaker 1: you a believer in this? Okay? I just happened to 406 00:21:34,080 --> 00:21:37,480 Speaker 1: have this here. See this, This is my favorite basketball card. 407 00:21:37,480 --> 00:21:41,480 Speaker 1: It's John Brisker from the Pittsburgh Condors. I remember John 408 00:21:41,560 --> 00:21:45,000 Speaker 1: Briscore and it's my favorite because I grew up in Pittsburgh, 409 00:21:45,040 --> 00:21:46,879 Speaker 1: won and went to some Condoors game when I was 410 00:21:46,920 --> 00:21:50,960 Speaker 1: a kid. But two, he became a mercenary in Africa 411 00:21:51,000 --> 00:21:53,920 Speaker 1: and got killed being a mercenary. And that's right, right. 412 00:21:54,000 --> 00:21:55,960 Speaker 1: So but if you look at this card, yeah, I 413 00:21:55,960 --> 00:21:57,880 Speaker 1: can hold it and touch it, but you can get 414 00:21:57,880 --> 00:22:00,280 Speaker 1: this picture online. You can get all the data that's 415 00:22:00,280 --> 00:22:03,199 Speaker 1: on the back online. There's nothing unique about it that 416 00:22:03,240 --> 00:22:06,760 Speaker 1: couldn't be recreated and printed out. But as a collector, 417 00:22:07,240 --> 00:22:09,560 Speaker 1: I have a sense of ownership. The thing about top 418 00:22:09,560 --> 00:22:13,200 Speaker 1: Shots is it's a digital version of this, including video. 419 00:22:13,720 --> 00:22:15,520 Speaker 1: But what makes it cool is that it gives you 420 00:22:15,560 --> 00:22:18,280 Speaker 1: a sense of ownership, you know. And if you think 421 00:22:18,280 --> 00:22:21,120 Speaker 1: about gen Z today, the things that are most valuable 422 00:22:21,160 --> 00:22:25,520 Speaker 1: to them, after a car, a house, and maybe some clothes, 423 00:22:26,000 --> 00:22:29,680 Speaker 1: it's all digital. They value digital items more than anything. 424 00:22:30,200 --> 00:22:34,200 Speaker 1: And the idea of valuing a digital video that can 425 00:22:34,240 --> 00:22:39,359 Speaker 1: be tokenized and put on a smart contract on the blockchain, 426 00:22:39,400 --> 00:22:42,360 Speaker 1: which makes it unique, well, that gives them the sense 427 00:22:42,400 --> 00:22:44,520 Speaker 1: of ownership and allows it to be bought and sold. 428 00:22:44,880 --> 00:22:47,000 Speaker 1: But what really makes it special. If I were to 429 00:22:47,040 --> 00:22:49,800 Speaker 1: go sell it, it will never happen. My John Brisker, 430 00:22:50,240 --> 00:22:53,080 Speaker 1: I have to get it graded, then I have to 431 00:22:53,320 --> 00:22:56,399 Speaker 1: package it into a case, right then I have to 432 00:22:56,440 --> 00:22:59,520 Speaker 1: ship it. Maybe I find a buyer on eBay, then 433 00:22:59,560 --> 00:23:01,520 Speaker 1: I have to hope they get it right. Then I 434 00:23:01,560 --> 00:23:04,440 Speaker 1: have to hope I get paid and everything works out. 435 00:23:05,000 --> 00:23:07,360 Speaker 1: And the digitized version of this, let's just say there's 436 00:23:07,400 --> 00:23:11,119 Speaker 1: a top Shots John Brisker video moment of him Duncan 437 00:23:11,160 --> 00:23:16,320 Speaker 1: on David Thompson. And so if I want to buy 438 00:23:16,400 --> 00:23:18,680 Speaker 1: or sell it, I go into the marketplace on top 439 00:23:18,720 --> 00:23:21,919 Speaker 1: Shots and it takes two seconds and it's done. And 440 00:23:22,240 --> 00:23:24,800 Speaker 1: because there's a marketplace there, I can walk in at 441 00:23:24,800 --> 00:23:27,919 Speaker 1: any time and see the actual value. I can list it, 442 00:23:28,320 --> 00:23:31,439 Speaker 1: anybody can buy it, and so all the hassles of 443 00:23:31,560 --> 00:23:35,280 Speaker 1: dealing with physical goods are gone when you deal with 444 00:23:35,320 --> 00:23:38,399 Speaker 1: the digital version. And the only bridged across is that 445 00:23:38,440 --> 00:23:41,560 Speaker 1: sense of ownership that people are used to having with 446 00:23:42,040 --> 00:23:46,040 Speaker 1: physical cards and collectibles. But for young kids, that was 447 00:23:46,119 --> 00:23:49,680 Speaker 1: never there. Right, It's more like my son, I don't 448 00:23:49,680 --> 00:23:51,760 Speaker 1: have to convince them that top Shots have value. I 449 00:23:51,800 --> 00:23:54,240 Speaker 1: have to convince them that dealing with baseball cards and 450 00:23:54,280 --> 00:23:57,639 Speaker 1: basketball cards has value because it's a hassle. He just 451 00:23:57,640 --> 00:24:00,679 Speaker 1: brings it up on his browser on his PC, and 452 00:24:01,440 --> 00:24:03,200 Speaker 1: it's easy. He can deal with it for as long 453 00:24:03,240 --> 00:24:05,520 Speaker 1: as shore as he wants. Having to make him clean 454 00:24:05,600 --> 00:24:07,320 Speaker 1: up his cards and deal with them and then go 455 00:24:07,359 --> 00:24:09,520 Speaker 1: on eBay or wherever to find the value and to 456 00:24:09,640 --> 00:24:12,320 Speaker 1: mark them and to case them. That's way too much hassle. 457 00:24:13,320 --> 00:24:15,960 Speaker 1: That's great, Mark Cuban joining us. So I've been investing 458 00:24:16,000 --> 00:24:17,680 Speaker 1: in the market. Speaking of the marketplace, I've been in 459 00:24:17,720 --> 00:24:20,360 Speaker 1: the market since nineteen eighty nine. My dad was an investor. 460 00:24:21,320 --> 00:24:24,080 Speaker 1: I dollar cost average. I have a few companies. You know, 461 00:24:24,240 --> 00:24:27,119 Speaker 1: I'm on if it's been since nineteen eighty nine, you 462 00:24:27,119 --> 00:24:30,320 Speaker 1: should be on an island somewhere. No. I actually like working, 463 00:24:30,480 --> 00:24:33,400 Speaker 1: and I've said that I've done well for myself. I 464 00:24:33,440 --> 00:24:36,720 Speaker 1: love what I do. I'm very fortunate. I defended the 465 00:24:36,840 --> 00:24:40,800 Speaker 1: retail trader trader, and for those listening kind of the uninitiated, 466 00:24:40,840 --> 00:24:43,760 Speaker 1: here the retail traders, the little guy, it's me and 467 00:24:43,760 --> 00:24:46,480 Speaker 1: then you have yeah. I mean you know, I'm put 468 00:24:46,520 --> 00:24:48,880 Speaker 1: my dollar cost averaging in every month for thirty years. 469 00:24:50,119 --> 00:24:54,400 Speaker 1: I'm interested because though I do feel you've always been 470 00:24:54,760 --> 00:24:57,960 Speaker 1: one of the rare billionaire voices of the people, you 471 00:24:58,000 --> 00:25:02,440 Speaker 1: are also a whale. You are also somebody that can 472 00:25:02,520 --> 00:25:05,199 Speaker 1: move a market with a single comment. The reason I 473 00:25:05,240 --> 00:25:08,520 Speaker 1: defended the retail trader was not only because I am one, 474 00:25:09,000 --> 00:25:11,840 Speaker 1: but because I feel the market has been manipulated by 475 00:25:11,840 --> 00:25:15,359 Speaker 1: the big guys forever. Oh yeah, for sure, some in 476 00:25:15,400 --> 00:25:17,920 Speaker 1: the seventies and eighties. My dad talked about it. So 477 00:25:18,200 --> 00:25:21,639 Speaker 1: my tip ever since the twenties. So your takeaway on 478 00:25:21,680 --> 00:25:24,399 Speaker 1: this whole robin hood game stop thing was what so 479 00:25:24,520 --> 00:25:26,560 Speaker 1: put aside robin hood because that's a different beast in 480 00:25:26,600 --> 00:25:29,879 Speaker 1: a different issue. But you're right. I mean, look, people 481 00:25:30,160 --> 00:25:32,879 Speaker 1: argued that all these people on Wall Street bets the 482 00:25:33,160 --> 00:25:35,359 Speaker 1: small individual trader, and not all of them are small, 483 00:25:35,400 --> 00:25:39,920 Speaker 1: but the individual trader, they're they're just stupid, right, they 484 00:25:39,920 --> 00:25:43,640 Speaker 1: can't possibly understand what's going on. But if you look 485 00:25:43,680 --> 00:25:48,480 Speaker 1: at what happens traditionally and in stock markets, you typically 486 00:25:48,520 --> 00:25:51,359 Speaker 1: have an analyst who works for a big brokerage firm 487 00:25:51,400 --> 00:25:54,160 Speaker 1: that has millions of customers, and they come out with 488 00:25:54,280 --> 00:25:58,120 Speaker 1: a buy and a price a price target right here, 489 00:25:58,240 --> 00:26:01,600 Speaker 1: I think this stock is going to be worth fifty 490 00:26:01,640 --> 00:26:05,560 Speaker 1: percent more within twelve months, and then all of a sudden, 491 00:26:05,600 --> 00:26:08,439 Speaker 1: the stock goes up because all the customers of that 492 00:26:08,480 --> 00:26:12,680 Speaker 1: brokerage firm bought because the price is below that price target. Right, 493 00:26:13,080 --> 00:26:16,040 Speaker 1: The exact same thing happens all Wall Street FETs, right, 494 00:26:16,440 --> 00:26:20,679 Speaker 1: Only instead of it being some formal analysts that works 495 00:26:20,720 --> 00:26:24,080 Speaker 1: for a huge brokerage firm, it's a bunch of people 496 00:26:24,200 --> 00:26:27,480 Speaker 1: actually doing the work and digging in and trying to 497 00:26:27,560 --> 00:26:32,159 Speaker 1: understand stocks and making recommendations at one level, right, are 498 00:26:32,280 --> 00:26:33,879 Speaker 1: those are the people who are trying to trade on 499 00:26:33,920 --> 00:26:37,439 Speaker 1: fundamentals and everybody else is a momentum trader. Now you 500 00:26:37,480 --> 00:26:40,240 Speaker 1: have to ask yourself, are there momentum traders in traditional 501 00:26:40,240 --> 00:26:44,040 Speaker 1: Wall Street? Yes, they're called technical traders. They could tell 502 00:26:44,080 --> 00:26:47,000 Speaker 1: you anything about the stock. All they know is because 503 00:26:47,000 --> 00:26:49,640 Speaker 1: it's going up, all their numbers are telling them it's 504 00:26:49,680 --> 00:26:52,040 Speaker 1: probably going to keep on going up some more until 505 00:26:52,080 --> 00:26:55,520 Speaker 1: it gets into some different treads heads and shoulders, you know, 506 00:26:55,640 --> 00:26:58,520 Speaker 1: and tails and all this other stuff. Right, And so 507 00:26:58,800 --> 00:27:02,399 Speaker 1: there's absolutely no difference, you know. It's just that now 508 00:27:02,440 --> 00:27:05,679 Speaker 1: you've got a bunch of small traders working together and 509 00:27:05,840 --> 00:27:09,120 Speaker 1: gaining the leverage of working together, and that gives them, 510 00:27:09,119 --> 00:27:11,840 Speaker 1: in a lot of cases even more leverage and more power. 511 00:27:11,920 --> 00:27:15,679 Speaker 1: And so today you saw, you know, m game stop 512 00:27:16,000 --> 00:27:20,600 Speaker 1: go up again? Yeah, you know. And so this isn't 513 00:27:20,640 --> 00:27:26,119 Speaker 1: about value, This isn't about value. This isn't about fundamentals, 514 00:27:26,440 --> 00:27:30,600 Speaker 1: because let's let's talk about fundamentals, right, Apple Computer. Up 515 00:27:30,640 --> 00:27:33,240 Speaker 1: until a couple of years ago, Apple Computer was considered 516 00:27:33,280 --> 00:27:37,200 Speaker 1: a cyclical stock, and everybody traded at a cyclical stock 517 00:27:37,240 --> 00:27:39,639 Speaker 1: which man and had a price earnies ratio of twelve 518 00:27:39,720 --> 00:27:42,879 Speaker 1: thirteen fourteen, when the stock market itself, the SMP had 519 00:27:42,920 --> 00:27:46,119 Speaker 1: a price earnies ratio of fifteen sixteen seventeen, and people 520 00:27:46,160 --> 00:27:48,960 Speaker 1: would say, you shouldn't consider this a cyclical you just 521 00:27:49,040 --> 00:27:51,280 Speaker 1: should consider this a growth stock. Then all of a 522 00:27:51,280 --> 00:27:53,639 Speaker 1: sudden more people decided it was a growth stock. So 523 00:27:53,680 --> 00:27:56,680 Speaker 1: then everybody decided it was a growth stock. Nothing changed 524 00:27:56,720 --> 00:28:00,440 Speaker 1: at Apple, right, It's still the same company doing this thing. 525 00:28:00,640 --> 00:28:04,680 Speaker 1: It was just a different narrative and narratives buy and hold, right, 526 00:28:04,760 --> 00:28:09,160 Speaker 1: all these diversification, right, All these different narratives are what 527 00:28:09,440 --> 00:28:11,600 Speaker 1: they're only. They only exist for one reason, and that's 528 00:28:11,640 --> 00:28:14,159 Speaker 1: the seal stocks. But when the narratives come from the 529 00:28:14,200 --> 00:28:16,760 Speaker 1: big guys on Wall Street, we consider it value and 530 00:28:16,840 --> 00:28:21,879 Speaker 1: we consider it fundamentally driven. You know, Here's all you 531 00:28:21,920 --> 00:28:25,280 Speaker 1: need to know is that the average holding time for 532 00:28:25,440 --> 00:28:30,359 Speaker 1: a sheriff's stock on the USX changes is less than 533 00:28:30,640 --> 00:28:34,560 Speaker 1: a minute less than a minute, because most of the 534 00:28:34,640 --> 00:28:37,480 Speaker 1: trading is done digitally and a lot of it's through 535 00:28:37,560 --> 00:28:40,920 Speaker 1: high frequency trading, and then they're not buying based off 536 00:28:40,920 --> 00:28:44,040 Speaker 1: of fundamentals. There's no fundamental that changes in less than 537 00:28:44,080 --> 00:28:47,000 Speaker 1: a minute for a stock. So it's a lot of 538 00:28:47,560 --> 00:28:52,960 Speaker 1: misguided attempts to try to denigrate small traders because these guys, 539 00:28:53,320 --> 00:28:56,200 Speaker 1: by working together, they have access to all the information 540 00:28:56,240 --> 00:28:59,400 Speaker 1: everybody else does. Otherwise it's illegal, right, It's all supposed 541 00:28:59,400 --> 00:29:01,320 Speaker 1: to be public, so they all have access to the 542 00:29:01,320 --> 00:29:04,680 Speaker 1: same information. Now they're just working on a coordinated basis, 543 00:29:04,960 --> 00:29:06,880 Speaker 1: and they're trying to pick off some of the hedge 544 00:29:06,880 --> 00:29:10,680 Speaker 1: funds because they're seeing their vulnerabilities, just like high frequency 545 00:29:10,720 --> 00:29:14,480 Speaker 1: traders have done to small minno traders by front running 546 00:29:14,480 --> 00:29:17,920 Speaker 1: them by being able to process faster or buy their 547 00:29:18,000 --> 00:29:21,120 Speaker 1: order flow. How much of your net worth, if I 548 00:29:21,160 --> 00:29:24,080 Speaker 1: may ask, do you have in the market? You know 549 00:29:24,080 --> 00:29:27,200 Speaker 1: it's crazy you asked that because it's significant. But I've 550 00:29:27,200 --> 00:29:32,000 Speaker 1: hedged quite I've I've hedged all of it basically because 551 00:29:32,600 --> 00:29:36,040 Speaker 1: my attitude always is, you know how much do I need? 552 00:29:36,360 --> 00:29:38,520 Speaker 1: And when things are going what I feel is too 553 00:29:38,520 --> 00:29:41,920 Speaker 1: good to be true. Everything's going really really really good. Okay, 554 00:29:42,200 --> 00:29:44,719 Speaker 1: no one's ever got in trouble for taking a profit, 555 00:29:45,080 --> 00:29:47,520 Speaker 1: and so I've hedged everything. I've got this thing called 556 00:29:47,520 --> 00:29:50,720 Speaker 1: a tailhage in case the market crash crashes, I've got this. 557 00:29:50,880 --> 00:29:54,080 Speaker 1: I've got these structured products which I buy puts and 558 00:29:54,080 --> 00:29:56,320 Speaker 1: sell calls and kind of protects me but gives me 559 00:29:56,360 --> 00:29:59,600 Speaker 1: a little wiggle room, you know, on all but about 560 00:30:00,200 --> 00:30:03,000 Speaker 1: five percent of my positions and a lot of those 561 00:30:03,000 --> 00:30:05,600 Speaker 1: and one of them I finished out my you know, 562 00:30:06,280 --> 00:30:09,479 Speaker 1: it would have been fifteen percent, but I did one today. 563 00:30:09,600 --> 00:30:14,960 Speaker 1: How about that? I? Um, yeah, it's just too good 564 00:30:15,040 --> 00:30:17,080 Speaker 1: right now. When I see the market going up, I 565 00:30:17,120 --> 00:30:19,920 Speaker 1: will say this. My son is fourteen years old, Mark 566 00:30:20,480 --> 00:30:24,080 Speaker 1: two years ago. I'm a believer. You get information anywhere 567 00:30:24,120 --> 00:30:27,760 Speaker 1: you can, right, I've had I've had tweets and emails, 568 00:30:27,800 --> 00:30:30,120 Speaker 1: and I've created segments on my show. I think they're funny. 569 00:30:30,400 --> 00:30:32,320 Speaker 1: Two to two and a half years ago, my son 570 00:30:32,360 --> 00:30:36,880 Speaker 1: talked about a Canadian company called Shopify. I bought it 571 00:30:36,920 --> 00:30:39,880 Speaker 1: at two hundred. Yeah. I made about six times my money, 572 00:30:40,280 --> 00:30:43,960 Speaker 1: so right, I've sold most of it. But nonetheless, you 573 00:30:44,000 --> 00:30:46,240 Speaker 1: got to take information where it comes from, you know. 574 00:30:46,280 --> 00:30:49,600 Speaker 1: Peter Lynch used to run a huge hedge fund of Fidelity, 575 00:30:49,640 --> 00:30:51,560 Speaker 1: and he d this book and used to talk about 576 00:30:51,960 --> 00:30:54,880 Speaker 1: you know what you buy, what you see in the mall, 577 00:30:54,880 --> 00:30:58,000 Speaker 1: what what is it that impacts your life? And and 578 00:30:58,120 --> 00:31:00,040 Speaker 1: that's how I explained it to my kids, because I 579 00:31:00,080 --> 00:31:02,560 Speaker 1: got my eleven year old on robin Hood, my fourteen 580 00:31:02,600 --> 00:31:04,760 Speaker 1: year old on robin Hood, and you know, you just 581 00:31:04,800 --> 00:31:06,560 Speaker 1: have to explain to me why you want to buy 582 00:31:06,560 --> 00:31:08,680 Speaker 1: the stock, and I'll buy it for it. And they 583 00:31:08,720 --> 00:31:11,280 Speaker 1: had like a hundred bucks and so you know, we 584 00:31:11,320 --> 00:31:13,640 Speaker 1: went through that whole process. And my son by a 585 00:31:13,680 --> 00:31:17,760 Speaker 1: fractional share of of Sony because he thinks the new 586 00:31:17,800 --> 00:31:19,840 Speaker 1: Spider Man movie that's coming out it's going to be amazing. 587 00:31:20,560 --> 00:31:23,680 Speaker 1: I'm like, great, that's all we need to know. Yeah. 588 00:31:23,680 --> 00:31:26,000 Speaker 1: The other day I told my son about Intel. He goes, Dad, 589 00:31:26,000 --> 00:31:29,000 Speaker 1: there's a new company, not Intel, It's what all my 590 00:31:29,080 --> 00:31:31,040 Speaker 1: stuff is on my computer. I forget the name of 591 00:31:31,040 --> 00:31:34,160 Speaker 1: the company. And I'm like, you know what, you're gonna 592 00:31:34,160 --> 00:31:36,800 Speaker 1: be just like Dad, You're gonna love the market. It's fun. 593 00:31:38,360 --> 00:31:40,120 Speaker 1: It's fun. That's how I look at it. Yeah, it's 594 00:31:40,120 --> 00:31:41,800 Speaker 1: all I mean, as long as you don't get greedy, 595 00:31:41,960 --> 00:31:44,200 Speaker 1: right and as long. Too many people just try to 596 00:31:44,200 --> 00:31:46,560 Speaker 1: wing it, and that's where they get in trouble, whether 597 00:31:46,600 --> 00:31:48,600 Speaker 1: you're part of Wall Street bets and it's just like 598 00:31:48,920 --> 00:31:52,520 Speaker 1: you know, like like my son is coming up with 599 00:31:52,520 --> 00:31:54,280 Speaker 1: these ideas. I'm like, where are you getting these ideas? 600 00:31:54,280 --> 00:31:58,880 Speaker 1: He's like TikTok and I'm like, that's great, but let's 601 00:31:58,880 --> 00:32:01,120 Speaker 1: talk about them, right. You don't just buy them because 602 00:32:01,280 --> 00:32:03,760 Speaker 1: you've got five or ten different people talking about a 603 00:32:03,800 --> 00:32:07,640 Speaker 1: stock on TikTok. All right, Mark, we play rapid fire around. 604 00:32:07,680 --> 00:32:10,680 Speaker 1: I'm gonna ask you ten quick questions. Here we go. 605 00:32:11,480 --> 00:32:16,440 Speaker 1: The worst investor on shark Tank is Kevin How did 606 00:32:16,480 --> 00:32:20,360 Speaker 1: I know? That? Was your answer? Easy. The company that 607 00:32:20,440 --> 00:32:23,000 Speaker 1: makes you jealous because you wish you thought of it 608 00:32:23,080 --> 00:32:28,240 Speaker 1: is UM. That's a comfy that. The most successful deal 609 00:32:28,280 --> 00:32:32,680 Speaker 1: on Shark Tank Um. If Mark Cuban ran for president, 610 00:32:32,840 --> 00:32:39,480 Speaker 1: you're running mate for VP would be Collie Barbara Corcoran. 611 00:32:39,720 --> 00:32:43,000 Speaker 1: I don't know, because I ever give anything serious thought. 612 00:32:43,480 --> 00:32:47,360 Speaker 1: That's okay. Uh. The NBA owner you admire the most 613 00:32:47,880 --> 00:32:57,120 Speaker 1: is um Herb Simon, Indiana. Yeah. Herb's just got a 614 00:32:57,200 --> 00:33:01,560 Speaker 1: heart of gold, and you know he just he he's 615 00:33:01,560 --> 00:33:03,760 Speaker 1: been around, you know, a lot longer than me, and 616 00:33:03,800 --> 00:33:06,120 Speaker 1: he keeps on learning and he just wants to win, 617 00:33:06,280 --> 00:33:10,480 Speaker 1: and he's just just a good soul. The top shot, 618 00:33:10,560 --> 00:33:14,360 Speaker 1: highlight pastor present you'd buy for a million dollars is 619 00:33:15,080 --> 00:33:20,120 Speaker 1: Luca beating the Clippers. That's nice. The player you would 620 00:33:20,120 --> 00:33:22,440 Speaker 1: add to your roster and you wouldn't have to give 621 00:33:22,520 --> 00:33:24,920 Speaker 1: up anything and you wouldn't get in any trouble for 622 00:33:24,960 --> 00:33:29,280 Speaker 1: answering this question would be um Dirk Davitski because I 623 00:33:29,280 --> 00:33:33,600 Speaker 1: would get answering that question. You know, it's funny. Before 624 00:33:33,600 --> 00:33:35,600 Speaker 1: we let you go, I said this the other day. 625 00:33:35,600 --> 00:33:39,000 Speaker 1: I said, you know, the NBA boxing international soccer, they 626 00:33:39,040 --> 00:33:41,920 Speaker 1: celebrate a little bit when a player has an ego 627 00:33:41,920 --> 00:33:46,200 Speaker 1: into personality. In the NFL, they're very rigid and in 628 00:33:46,280 --> 00:33:51,800 Speaker 1: recent weeks to Shaun Watson Russell Wilson have voiced strong opinions. 629 00:33:52,160 --> 00:33:55,280 Speaker 1: And to watch the NFL freak out, I just roll 630 00:33:55,400 --> 00:33:59,320 Speaker 1: my eyes at is there anything the NFL does You 631 00:33:59,400 --> 00:34:02,040 Speaker 1: ever think that's a good idea? And is there anything 632 00:34:02,040 --> 00:34:04,320 Speaker 1: the NFL does and you ever think, oh lord, they 633 00:34:04,360 --> 00:34:09,400 Speaker 1: gotta get over it. I think the NFL for their 634 00:34:09,480 --> 00:34:12,640 Speaker 1: Super Bowl does a really, really good job of you know, 635 00:34:12,719 --> 00:34:16,400 Speaker 1: getting the commercials and making it an event, and you know, 636 00:34:16,520 --> 00:34:18,680 Speaker 1: it's less about the game than it is about the 637 00:34:18,719 --> 00:34:21,840 Speaker 1: event in normal times, right, And they're just really, really 638 00:34:21,840 --> 00:34:25,520 Speaker 1: really good at that. I think they're cut in the 639 00:34:25,560 --> 00:34:28,080 Speaker 1: same catch twenty two right now that we all are, 640 00:34:28,560 --> 00:34:31,799 Speaker 1: and that's the push pull between streaming and literar television. 641 00:34:32,640 --> 00:34:34,319 Speaker 1: But I think where they really have got to get 642 00:34:34,400 --> 00:34:37,960 Speaker 1: over it is how they treat their players. You know, 643 00:34:38,920 --> 00:34:42,880 Speaker 1: this is we're finding out very quickly that young kids 644 00:34:43,000 --> 00:34:45,319 Speaker 1: like my son's age, your son's age, they don't root 645 00:34:45,320 --> 00:34:47,240 Speaker 1: for teams nearly as much as they root for players, 646 00:34:47,480 --> 00:34:50,359 Speaker 1: that's right, right. They follow them on social media, they 647 00:34:51,080 --> 00:34:54,760 Speaker 1: emulate them in different places, they play them on different games, 648 00:34:55,080 --> 00:34:57,520 Speaker 1: and they know them by sight sometimes while they're still 649 00:34:57,520 --> 00:35:01,600 Speaker 1: in high school. And they're becoming brand and that's why, 650 00:35:02,000 --> 00:35:04,440 Speaker 1: you know, the NBA keeps on getting younger and the 651 00:35:04,520 --> 00:35:06,960 Speaker 1: NFL keeps on getting older, and that's going to be 652 00:35:07,000 --> 00:35:09,759 Speaker 1: their biggest challenge. Mark. I love having you on the show. 653 00:35:09,800 --> 00:35:12,120 Speaker 1: You make me think it is. You're just one of 654 00:35:12,120 --> 00:35:14,239 Speaker 1: the people I could ask a million questions too, and 655 00:35:14,280 --> 00:35:16,600 Speaker 1: I know your time is incredibly valuable. You've always been 656 00:35:16,640 --> 00:35:19,680 Speaker 1: such a gracious person to me and I know you 657 00:35:19,719 --> 00:35:20,879 Speaker 1: get a lot of re quest and I just want 658 00:35:20,880 --> 00:35:22,719 Speaker 1: to thank you again. Oh no, Hea, you on more, Colin. 659 00:35:22,760 --> 00:35:28,360 Speaker 1: I love coming on. It's always interesting as always. Folks. 660 00:35:28,400 --> 00:35:31,800 Speaker 1: You can follow us on Twitter at The Volume Sports. 661 00:35:32,520 --> 00:35:36,120 Speaker 1: You can go to Instagram The Volume Sports Rate Review 662 00:35:36,280 --> 00:35:39,279 Speaker 1: and subscribe. We love it. We hope you enjoy it. 663 00:35:39,320 --> 00:35:42,600 Speaker 1: The Volume Sports brand new company and we are so 664 00:35:42,719 --> 00:35:45,840 Speaker 1: happy for so many of the people. Jenkins and Jones 665 00:35:45,840 --> 00:35:50,480 Speaker 1: have been unbelievable. Renee a Key, Alex Monico. We're making 666 00:35:50,560 --> 00:35:56,279 Speaker 1: a major, major announcement in one week, bringing on who 667 00:35:56,320 --> 00:35:58,480 Speaker 1: we think is a star and one of the smartest 668 00:35:58,480 --> 00:36:02,200 Speaker 1: people I know to be a regular and uh thanks again. 669 00:36:02,440 --> 00:36:36,840 Speaker 1: Check us out spread the word The Volume