The Dotcom Billionaire Who Cashed Out at the 2007 Top Has Sold Almost All His Stocks

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Mark Cuban on markets: I have a lot of cash on the sidelines from CNBC.

  • “I’m down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix,” the billionaire says.
  • “We borrowed from the future to kind of pump up the current market,” says Cuban, an outspoken Trump critic.
  • “There just no way where you can say, ‘I just trust everything that’s going on.’ And that concerns me,” he says.

Billionaire entrepreneur Mark Cuban told CNBC on Monday that he’s holding much more cash than he normally does because he’s concerned about the stock market and U.S debt levels.

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“I’m down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix. I’ve got a whole lot of cash on the sidelines,” Cuban said on “Fast Money Halftime Report.” “[I’m] ready, willing and able if something happens” to invest.

Cuban said Amazon and Netflix are his biggest holdings. But he refused to reveal his short positions, the stocks that he’s betting against. “I’ll keep that to myself.”

“Put aside tariffs, put aside what the president is doing, he’s got his reasons,” said Cuban, an outspoken critic of Donald Trump as a candidate and as president. “There just no way where you can say, ‘I just trust everything that’s going on.’ And that concerns me.”

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www.cnbc.com/2018/08/13/mark-cuban-owns-just-a-handful-of-stocks-and-a-whole-lot-of-cash-bec.html?recirc=taboolainternal

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