Billionaire investor Mark Cuban, in a recent interview with Bloomberg TV, discussed his current outlook on trading and investing.
Change In Landscape From The 90s: The owner of Dallas Mavericks said he makes his investment decisions independent of financial advisors, and sticks to companies he personally believes in.
"I used to trade a lot, I used to be very, very active as a trader," Cuban told David Rubenstein.
In the 90s and early 2000s, there was a lot less money chasing more stocks, but “now there is a lot more money chasing fewer stocks,” according to Cuban.
"It's harder to trade and be successful, so I just stick to companies I believe in," the "Shark Tank" host said in the Bloomberg interview.
COVID-19 Brings New Opportunity: Cuban also talked about how the COVID-19 pandemic could create opportunities for entrepreneurs and the NBA bubble. The "Shark Tank" host remarked that the lockdown situation is forcing people to adapt to a digital lifestyle.
He claimed that these troubled times is the perfect and opportune moment for creative and innovative entrepreneurs with a vision for the future.
Back in April, Cuban claimed that despite having a hopeful long term opinion, he held a bleak view of the US market rally in the short run.
Photo courtesy: Gage Skidmore via Flickr