Mark Cuban's gambling fund

[midas]

Who's he gonna hire to run the fund? The DeNiro character from Casino [img]/images/graemlins/grin.gif[/img]

Why make the bets? The smart money always takes the bets - Mark buy yourself an off-shore sports book and wait for the money to roll in.

[AceHigh]

[ QUOTE ]
If Cuban hires the right people he is almost guaranteed to succeed.

[/ QUOTE ]

But that's true of most business.

Why not pick a business where the rules are tilted for you (market), rather than against you (gambling)?

[eastbay]

If he follows through on this, it will become national news in the "scandal" category, and be part of an NBA pile-on in the wake of the Artest incident.

No news story will be complete without the mention of Pete Rose's name.

My guess is that his lawyers will dissuade him from following through on this.

eastbay

[adios]

I think Cuban's article is more or less criticizing buying stocks more than extolling the virtues of gambling FWIW. His comments about transparency of company operations, his comments about company information and the criticism of the SEC leads me to believe that this piece is simply a condemnation of trading stocks.

[Monkeyslacks]

Tax consequences are very important here. If he has a down year, the loss won't be carried forward as it would be with losses on stock transactions. This kills the idea completely in my mind.