Mark Cuban - Fry his ass or let him walk

Discussion in 'Wall St. News' started by Joab, Nov 18, 2008.

He should be fined big time

  1. Yes

    55 vote(s)
    65.5%
  2. No

    6 vote(s)
    7.1%
  3. Could care less

    23 vote(s)
    27.4%
  1. AK100

    AK100

    The trouble is with Cuban saying that 'most day traders are idiots' is that he's pretty close to the truth.

    Most of them are idiots who think it's possible to make money buying and selling all the time. But how many of them actually make money as a % of the overall total?

    Possibly less than 10% which therefore proves that most are in fact idiots :)
     
    #31     Nov 19, 2008
  2. I thought that was the difference between intentional and reckless.....

    'IF' he sold them based on the information then he would have know the possible harm it could cause. Hence being reckless....
     
    #32     Nov 19, 2008
  3. Well said, clacy.

    Cuban is a proponent of a stock transaction tax, which in his words is supposed to "Tax the Hell Out of Wall Street; Give it to Main Street".

    Anyone not smart enough to know that "Main Street" would be taxed substantially should be fried. Cuban needs a bit of a humbling experience to keep his mouth shut.

    Take every cent away from him and let him start over and see how well he handles a transaction tax.
     
    #33     Nov 19, 2008
  4. Joab

    Joab

    You could say the exact same thing for anyone that is starting their own business.

    So any entrepreneur is an idiot by your definition.

    90% of any self run, self started businesses fail.
     
    #34     Nov 19, 2008