What billionaire Mark Cuban is buying amid the sell-off

welcome to there are a number of things I would like to talk to you about basketball, it feels a little secondary right now. I think you understand and respect that, just tell us

what

you're thinking as a long-time

mark

et observer and participant and then we'll get to the other side of your life in a moment you know I'm just as worried, confused and insecure as everyone else you know I'm a long term bull in terms of our country and you know at some point. At that point, the

mark

ets will be higher. I just don't know when I got into it.

I bought something from Live Nation. I thought it took too big a hit but I bought it two days ago so I'm underwater but like I said. I'm a long term holder there. I bought something from Twitter today. I'm a long term holder there. You know, I have stocks that are going into this decline, so I don't know

what

's going to happen or when, but I think. In the long run it will be fine, so you went through the dotcom crisis, you came out okay on the other side, we all know you went through oh eight, which people say this is nothing like this and now we're not going to wait, mate.

I mean, literally, I was stupid, I sold, I bought at one point, I owned almost 5% of CBS and a couple of other companies and I sold too early, that was the deleveraging that kind of explained everything in this particular case, you have oil , we have uncertainty in terms of what the overall impact of the economy will be and the economy we went up as fast as you said, we haven't even hit the December 2018 lows, so anyone who's really been a buy and hold person You know you feel the pain because you look at your 401 or you look closely.

I think we have some companies that don't need a bank to make money, they are our triple a and you take a Johnson John, so you can go around there that's an amazing company it just keeps going down there is a great company by the way, on a Monday in 1987 it was discontinued I think that and Mark, I would like to hear your opinion on this, what would happen, we know the The federal government gets paid by everyone, all the entities, all the people that we know. The federal government could easily borrow from the Treasury and somehow Congress would come up with half a billion dollars to pay them.

I heard what you said this morning and I think you're right. I even told a congressman this morning that the SBA should be way ahead of this and that there should be money for any particular small business to be able to get a quick loan of a hundred thousand or 250,000 dollars if they don't lay anyone off because you have all the reason because where this starts to cascade is where you start to see small businesses that can't. you know you are a badge provider for South by Southwest. you are a supplier of you know who knows what boots for. the rodeo that just got canceled you're the one that's going to be most at risk and when you fire those people because you can't make payroll or you lay them off then they're bad obviously it all creates other problems and that along with schools being canceled and that creates more stress and you know you need to have government support, you know, I understand your point about big business, but I also think the most important thing is that small businesses believe that access to capital is the foundation of our country, Marc, You and You both know and you haven't done anything, you haven't done reckless things, you didn't buy at the top, you weren't taking Tesla 900 days with British people, you're just making payroll so I'm wondering.

Keep in mind, you know much of the population, including our primetime audience, you know him as a Shark Tank cast member and as an investor. What are you telling your portfolio companies to do right now? You know that note that came out of Sequoia last week? He called it the Black Swan of 2020 and had some pretty clear suggestions for the businesses in his portfolio. What are you telling them? Well, my shark tank companies tend to be smaller and therefore more regional in nature, so you have to be in a region. region that has been heavily affected, you know they have problems.

I mean, I lent some money this morning, so we're going to try to help them, you know, fight and hopefully we can get to the other side. in you know, two months, three months, whatever it is, but that's really what it's going to take, just for someone there to, you know, help them make payroll, if that's the case, you still own a theater, no, we sold them the land, that's fine, but I do own it. part of a company called RDI I have some shares there but I have them forever let me move on to basketball now if I may your appearance on TV last night candidly told the whole story when you were notified about Rudy Gobert notify him would it be So? a meme for the rest of my life now we know you know another player also tested positive how worried are you about the NBA membership right now very, I mean after our game last night I went to the locker room Obviously the guys were worried and they let me step back before the game I came in and the guys were curious about the conversations that were going on in our league where the governor called and one of the players asked me if I thought that. the season could be postponed or canceled and I said, you know, maybe there's a five to ten percent chance of that happening and then you saw my reaction when I heard that and after the game you know I was very specific about the players that I am. .

Look, this isn't time off, this isn't like a lockout, it's not the end of the season and you just go home and go about your business, you guys are at the epicenter of all of this, you have to actually get your act together. quarantined and talk to them. Guys, stay inside this morning because one of the challenges is that because you meet a celebrity and an NBA player, everyone comes up to you, everyone touches you, everyone wants to hug you, everyone wants to take a photo with you, so that they are much more at risk than a A typical person would be and not only that dollar, he is at risk of contracting it because he can be asymptomatic because all these guys are younger, he is also at risk of being a carrier because a lot of people come close to him and that leads to two problems. one, we don't want to make things worse for the community, so we're really going to try to keep an eye on our guys and talk to them and actually keep them busy, you know, the word is that the league is okay to continue having practices and sessions of skills, rehab and training, and that's going to be important because you know it's hard for a 23 to 25 year old kid or person to just sit at home all day and quarantine themselves, and you know we don't want to. be spreading the disease in the community, you know, because a lot of people are coming to us, so we're going to have to let them know that we're going to have to keep track of everyone we don't know, because that would kill the NBA season.

It's, you know, it's horrible that two players have it, but whatever Rita wants to provide a basis for support, we have to do it because you know, and I'm not saying this as a socialist, I'm saying that there is a pure capitalist because it's a smart thing because by supporting our communities and keeping them in a stable state or helping them where they need help, you know we support all the stakeholders around us, we keep businesses vibrant that way we help small businesses sustain themselves. people employed and they stay in business and that helps larger companies, so you know, I'm not a fan of drip, but I'm certainly a big fan of drip and every CEO, every entrepreneur, every person who runs the company manages a company has to be aware of the full impact of all its decisions and I think that is an important message and we try to convey it to our players where they have an impact and to mark the companies in which I am an investor. and anywhere else I can get the message across to you