Reported 8 months ago
In an interview, billionaire entrepreneur Mark Cuban criticized Warren Buffett's investment strategy, particularly the idea of diversification and the 'buy and hold' approach. Cuban emphasized the importance of cash liquidity and making concentrated bets based on thorough research. He argued that Buffett's methods, while effective for someone with significant capital like Buffett himself, may not be suitable for the average investor. Cuban suggested focusing on debt repayment and maximizing the utility of cash, highlighting the shifting market dynamics away from intrinsic value investing.
Source: YAHOO