Continuing the Market Folly quote of the week, we give you something recent from Mark Cuban, owner of the NBA's Dallas Mavericks, entrepreneur, and active individual investor. Our previous quotes have included those from Warren Buffett as well as wisdom from Seth Klarman. Here's Cuban's response when asked about the best investing advice he could give:
"Unless you think you've done more research and have better insight on a stock than a multibillion-dollar hedge fund, why are you trading? Know why others are buying when you're selling and vice versa ... When I started trading, I tended to become attached to stocks rather than doing the work to ensure I had enough information to make a good decision."
~ Mark Cuban
Our past coverage of Cuban includes his stake in Lions Gate Entertainment, which he has since tendered to Carl Icahn.
Monday, July 19, 2010
Mark Cuban ~ Quote of the Week
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