Mark Cuban - Fry his ass or let him walk

[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

 

[maninjapan]

Quote from nutmeg:

Imo, the key word in the entire complaint is the word "reckless". He did not mean to cause anyone harm. This may mitgate the sentence.

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....

 

[FightTheFuture]

Quote from clacy:

Cuban is your typical "Lear jet liberal" who has already made his fortune, so now he demands higher taxes paid by people earning $200k/yr.

These fucking people piss me off so bad, because they assume that since they can afford higher taxes, that all "rich" people can.

What they don't take into account is that there is a much bigger difference between someone making $200k and Cuban's income, than there is between that person earning $200k and someone on welfare..

Very wealthy people seem to want higher taxes, AFTER the fact, that they've accumlated their wealth. Of course income taxes don't affect that wealth, only the income from it.

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.

 

[Joab]

Quote from 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

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.