Marc Cuban explaining how he hedged his billion dollar position during the dot com era.

idk why but he looks evil

“I’m not greedy. I’m happy as long as I keep my billions and pay no tax.”

buying puts to hedge??? Not exactly rocket science

You may love him or hate him, but that hedge he did went down in history and will be studied for generations.

Billionaires

So he did well on the shitcoins of the time

Cuban pumped up and over promised his shitty company. Sold/traded his company to Yahoo for shares of Yahoo. He knew he wasn’t the only one scamming companies like yahoo with made up businesses. So he then shorted against his own stock. Maybe he had a holding period where he could not sell the stock. He is a pathological liar. I don’t know why that would be legal, or why he is an icon.

Mark Cubans yahoo position used an option collar-- he sold covered calls and used the premium to buy puts

He’s so full of shit. He knew it was going to implode.

He is a storm-trained good sailor