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NEIL: MARKETS STARTING ON THE
NEGATIVE, 360 POINTS IN NASDAQ
TAKING IT ON THE CHIN IS USUALLY
WHAT HAPPENS WHEN INTEREST RATES
BACKUP A LOT OF PEABODY NOVEL
SEPTEMBER, ROCKY OCTOBER I
WONDER IF MARK CUBAN IS WORRIED
HE CAME IN HERE THINKING WHILE
OTHER ZIGZAGGING WHILE FINDING
AN OPPORTUNITY AND SELLOFFS AND
JUST OPPOSITE, MARK DOING THIS
RIGHT NOW, AN INVESTOR,
PHILANTHROPIST, OWNER OF THE
MAVERICKS, GOOD TO HAVE YOU,
THANK YOU FOR JOINING US.
>> THANK YOU FOR HAVING ME ON.
>> WERE TRYING TO ADDRESS SOME
AUDIO ISSUES.
ONE THING I WANT TO GET YOUR
TAKE ON THE MARKET RIGHT NOW
AFTER THE CRAZY SEPTEMBER AND
DYSFUNCTION IN WASHINGTON AND
CONCERNS ABOUT CHINA BACKUP RATES THAT IS IN TRANSITORY ARE
RATES THAT IS IN TRANSITORY ARE
YOU WORRIED FOR THESE MARKETS?
>> I’M HAVING TROUBLE WITH AUDIO
AS WELL, I’M CONCERNED WHERE
THIS IS GOING ON THERE IS SO
MANY OUTSIDE THAT ARE HAVING AN
IMPACT WHETHER IT’S GOVERNMENT,
CHINA, WHETHER IT’S IMMIGRATION,
THERE’S SO MANY THINGS THAT
PEOPLE ARE PAYING ATTENTION TO
IT’S REALLY HARD TO KNOW WHAT TO
EXPECT NEXT.
NEIL: CRYPTO CURRENCY YOU HAVE
NOT SHIED PEOPLE AWAY FROM THEM
BUT YOU HAVE ESSENTIALLY SAID DO
YOUR HOMEWORK YOU SAID YOU DON’T
HAVE TO BECOME A BITCOIN EXPERT
YOU NEED TO HAVE A HANDLE ON HOW
IT COULD AFFECT YOUR BUSINESS,
WHAT DID YOU MEAN BY THAT?
>> COULD YOU REPEAT THE
QUESTION.
NEIL: YOU SAID ON BITCOIN YOU
HAVE TO ESSENTIALLY DO YOUR
HOMEWORK REFERRING TO THE
POSSIBILITY, NOT A LOT OF PEOPLE
ARE, DOES THAT WORRY YOU.
>> BITCOIN IS A DIFFERENT
ANIMAL, BITCOIN IS A GREAT
ALTERNATIVE STORED VALUE, IS A
BETTER ALTERNATIVE, NOT A CRYPTO
IS THE SAME, BITCOIN IN ONE
CATEGORY AND DESTROY VALUE THEN
YOU MOVE TO THINGS LIKE A THEORY
ON, IT IS A SIGNIFICANT NETWORK
BECAUSE OF THE START CONTRAST IN
THE SECURITY AND THE
DISTRIBUTION, THEIR ABILITY TO
DISTRIBUTED MANAGEMENT I THINK
YOU’RE GOING TO SEE A LOT OF
UNIQUE BUSINESS APPLICATIONS
OCCUR LIKE DECENTRALIZED
INSURANCE APPLICATION AND WAYS
TO DISTRIBUTE NFT USE WHICH
ALLOW FOR 3D PRINTING FILES,
TEXTBOOKS SOMEBODY DIFFERENT
APPLICATIONS INTO WHAT WE SAW IN
THE EARLY DAYS OF THE INTERNET
FROM ANALOG TO DIGITAL THERE IS
THINGS THAT YOU CAN TRANSITION
BUT YOU WILL SEE THE SAME THING
WITH CRYPTO WHERE SMART CONTACTS
WILL CREATE A WHOLE NEW TYPE OF
APPLICATION IT IS SIGNIFICANT
IMPACT ON FINANCIAL APPLICATIONS
THAN ON TRADITIONAL BUSINESS.
NEIL: DON’T YOU ACCEPT BITCOIN
FOR MAVERICKS GAME TICKETS AND
MERCHANDISE AND THAT SORT OF
THING?
>> YES, YES WE DO, NOT A LOT OF
PEOPLE PAYING BITCOIN IT DID
INCREASE A BLAST SET, THE STORED
VALUE AND THEY WANTED TO GO UP
IN VALUE YOU WILL SEE PEOPLE
PAYING FOR, A LOT OF PEOPLE PAY
AND DON’T QUITE WE SELL
THOUSANDS AND THOUSANDS OF
DOLLARS PER MONTH IN THE
OFF-SEASON AND ONCE IT STARTS I
EXPECT THAT TO HAPPEN PER WEEK
AND DON’T QUITE THAT IS BECAUSE
IT’S EASY TO SPEND AND IT
DOESN’T APPRECIATE SO MUCH OF PEOPLE WANT TO HOLD IT FOREVER.
PEOPLE WANT TO HOLD IT FOREVER.
NEIL: WHEN IT COMES TO DOEGCOIN
I THINK HE REVEALED HE ONLY HAD
$500.
>> YEAH, NOW IT’S $1500 BECAUSE
I BOUGHT A LITTLE BIT MORE FOR
FUN BUT I’VE NEVER TOLD ANYBODY
INTEGRATE INVESTMENT I’VE OFTEN
SAID IT’S A GREAT WAY TO GET TO
UNDERSTAND HOW CRYPTO CURRENCY
WORKS HOW TO INVEST IN THE
MARKET INTO BETTER INVESTMENT
THAN A LOTTERY TICKET IF YOU’RE
TRYING TO HIT A HOME RUN.
NEIL: IF ANY PLAYER WANTED TO BE
PAID PARTLY OR IN FULL, WOULD
YOU?
>> YEAH, IT’S NO BIG DEAL BUT
IT’LL END UP THE HUB LESS MONEY,
THE REASON FOR THAT THERE IS
TRANSACTION COST FOR FROM DOLLAR
BITCOIN AND TRANSFER IT FROM
THEM, IT IS EASIER FOR THEM TO
GET PAID IN CASH AND BY BITCOIN
ON THEIR OWN.
LET ME ASK YOU WERE TALKING
ABOUT THE MAVERICKS IN YOUR
POLICY ON VACCINATION THEY GOT A
SHOW PROOF THAT THEY HAVE BEEN
VACCINATED THAT APPLIES TO YOUR
FANS AS WELL.
>> TWO THINGS OUR RELATIONSHIP
WITH THE PLAYERS IN TERMS OF
VACCINATION, THAT IS DRIVEN BY
THE COLLECTIVE BARGAINING
AGREEMENT AND NEGOTIATION WITH
THE UNION, THAT IS DONE BY THE
NBA.
NEIL: NBA STATED THAT POLICY
RIGHT?
>> YES, IN TERMS OF EVERYBODY
ELSE THAT WORK IN THE BASKETBALL
SIDE OF OPERATION OF THE
BUSINESS SIDE WE REQUIRE
VACCINATION.
THIS WHOLE ISSUE OF VACCINATION
AND THEY GO TO THE PRESEASON,
THEY HAVE TO BE VACCINATED I
BELIEVE MASKS AS WELL ARE YOU
AFRAID THEY JUST WON’T SHOW UP?
>> TWO THINGS, ONE IF YOU HAVE
APPROVE OF VACCINATION THAT’S
GOOD ENOUGH YOU UPLOAD IT TO OUR
APP AND YOU DO IT ONE TIGHTLY
YEAR AND IF NOT AND YOU HAVE
COVID WE WANT HAVE PROOF THAT
THE NATURAL IMMUNITY IS WORKING
AND IF YOU DON’T HAVE COATED YET
TO SHOW A NEGATIVE TEST WITHIN
THE PREVIOUS THREE DAYS.
IF YOU VACCINATED IT’S EASY AND
IF YOU’RE NOT VACCINATED IT’S EASY AS WELL.
EASY AS WELL.
NEIL: LET ME ASK YOU OF THE
NATIONAL ANTHEM AND REQUIRES
TEAMS IN THE STATE TO PLAY THE
NATIONAL ANTHEM. DO YOU DO THAT NOW AND YOU JUST
DO YOU DO THAT NOW AND YOU JUST
FOLLOW THE LAW.
IF WE START PLAYING THE NATIONAL
ANTHEM IT’S MORE BECAUSE I
WANTED TO SEE IF ANYBODY
NOTICED.
13 GAMES IN.
WE WON 12 GAMES WITHOUT PLAYING
IT AND WE DIDN’T HAVE FANS BUT
ALL THE MEDIA, ALL THE PLAYERS,
ALL THE STAFF, ALL THE
ADMINISTRATION THERE ARE
HUNDREDS OF PEOPLE THERE NOBODY
SAID A WORD I EXPECTED SOMEBODY
TO SAY SOMETHING AND WE WOULD GO
RIGHT BACK TO IT, THAT DID
HAPPEN AND WHEN IT WAS NOTED
THAT IT BECAME AN ISSUE I
HONESTLY HAD FORGOTTEN THAT WE
WERE PLAYING IT, I WAS FINE WITH
NOT PLAYING IT AND I WAS FINE IN
DEALING WITH A RESPONSE THERE
WAS A LOT OF PEOPLE THAT ARE
APPRECIATED AND A LOT OF PEOPLE
WHO ONE AND I GOT TO LEARN BOTH
SIDES.
NEIL: WHY DID YOU PLAY NOT TO
BEGIN WITH SIMPLY BECAUSE WHEN
YOU GO TO A GAME AND WHEN THE
ANTHEM IS TYPICALLY PLAYED
BEFORE THE GAME STARTS WHILE THE
ANTHEM IS BEING PLAYED THERE
WALKING AROUND NOT STOPPING, A
LOT OF PEOPLE WANT TAKE THEIR
HATS OFF, WILL PUT THEIR HANDS
OVER THEIR HEART, THAT BOTHERS
ME I MUST STAND UP, PUT YOUR
HAND OVER YOUR HEART GUY AND IT
BOTHERED ME A LOT, TO ME IT WAS
LIKE IF THEY DON’T CARE ENOUGH
TO BE THERE ON TIME AND THEY
DON’T CARE AND OFF TO STOP ON
THE CONCOURSE, LET’S SEE IF
ANYBODY REALLY CARES.
NEIL: LET ME TALK ABOUT WHAT’S
GOING ON IN WASHINGTON YOU ARE
THE TARGET GROUP TO PAY FOR THIS
PACKAGE, YOUR TAXES ALONE COULD
PAY FOR THIS PACKAGE, THAT ASIDE
AND WONDERING WHAT YOU MAKE OF
THIS PUSH TO TAX THE WEALTH,
THERE ARE DIFFERENT WAYS AND
POPS APPEAR WHY IT’S IN FOR
INCOME BUT WEALTH SEEMS TO BE A
MOVING TARGET, WHAT DO YOU THINK
OF THIS.
>> TWO THINGS, WE’VE BEEN AT
39.7% BEFORE, THAT’S FINE BY ME
WE’VE BEEN HIGHER THAN 25%,
THAT’S FINE BY ME, AM I HAPPY
WITH THE WAY THAT THE GOVERNMENT
SPENDS IT ALL THE TIME, NO BUT
THAT’S A DIFFERENT TOPIC, IN
TERMS OF TAXING UNREALIZED GAME
THAT WOULD BE A DISASTER I DON’T
THINK ELIZABETH WARREN KNOWS ALL
THAT SHE’S TALKING ABOUT WHEN
SHE DEALS WITH THIS, SHE JUST
LIKES TO DEMONIZE PEOPLE THAT
ARE WEALTHY AND THAT’S FINE
THAT’S A GREAT POLITICAL MOVE
FOR HER BUT I DON’T THINK THAT
THEY REALLY UNDERSTAND THE
IMPLICATION OF TAXING UNREALIZED
GAIN, PEOPLE ARE GOING TO HAVE
TO CELL THINK THAT THEY WOULD
NOT SELL AND PEOPLE WOULD NOT
MAKE THE SAME INVESTMENT, THE
TYPE OF INVESTMENTS I MIGHT MAKE
ON CHART TANK MIGHT BE
COMPLETELY DIFFERENT IF A
COMPANY IF I’M GOING TO HAVE TO
PAY UNREALIZED GAINS I MIGHT
HAVE TO RETAIN CAPITAL SO I
COULD PAY TAXES ON UNREALIZED
GAINS I KNOW IT WOULD CHANGE
BEHAVIOR IN INVESTMENT ATTITUDE
AND APPROACHES AND I ALSO THINK
IT WOULD HURT THE MARKET.
I DO UNDERSTAND WHAT THEIR GOAL
IS, I THINK THEIR GOAL I THINK
TO HELP BRING PEOPLE UP FROM THE
BOTTOM TO HELP REDUCE INCOME
INEQUALITY SOMETHING THAT WE DEFINITELY HAVE TO ADDRESS BUT
DEFINITELY HAVE TO ADDRESS BUT
THE WAY TO DO THAT IS TO TAX
UNREALIZED GAINS I WOULD HAVE NO
PROBLEM IF THERE WAS INCENTIVES
OR PROGRAMS THAT INCENTIVE
COMPANIES PROVIDE STOCK TO
EMPLOYEES, ALL EMPLOYEES AND DID
SOMETHING THAT CREATED A RATIO
IN TERMS OF STOCKS TO THE ISSUE
TO THE CEO IN THE LEAST PAID
EMPLOYEE BECAUSE BY GIVING OR
OFFERING STOCK OR OPTIONS TO THE
LEAST PAID OF ALL YOU GIVE THEM
APPRECIABLE ASSETS.
AND THE ONLY WAY TO KEEP UP WITH
THE TOP EARNERS AND THOSE OF THE
TOP WEALTH LIKE MYSELF IS NOT TO
CHANGE THE INCENTIVE FOR
INVESTING AND TAX UNREALIZED
GAINS, IT IS TO ENABLE
APPRECIABLE ASSETS FOR THOSE
THAT DON’T HAVE THEM, THAT IS A
CHANGE THAT NEEDS TO HAPPEN.
NEIL: CAN I ASK YOU A POLITICAL
QUESTION, DONALD TRUMP’S SEEMS
TO BE ALL BUT RUNNING IN 2024, I
HAVEN’T SAID SO BUT IS DOING ALL
OF THE THINGS FOR A POTENTIAL
CANDIDATE DOES.
YOU ARE CONSIDERING RUNNING IN
2016 WHEN IT LOOKED LIKE HE WAS,
IF HE DOES AGAIN WOULD YOU?
>> NO, NO INTEREST AT ALL.
AGAIN I DIDN’T RUN BEFORE
BECAUSE OF FAMILY AND IS JUST
NOT SOMETHING I WANT TO DO.
I HAVE ALWAYS BEEN A POLITICAL
UNTIL 2016 CAME ALONG AND I
THINK I COULD HAVE A GREATER
IMPACT IN OTHER AREAS I CREATE
IN THE COST-PLUS DRUG COMPANY
WERE RETAKEN ON BIG PHARMA,
OTHER THINGS IN TERMS OF DRUG
DISCOVERY THAT WILL HAVE AN
IMPACT, I CREATED THE BOOT CAMP
FOR UNDERPRIVILEGED KIDS ACROSS
THE COUNTRY, THERE’S SOMEBODY
DIFFERENT THINGS THAT I’M ABLE
TO DO THAT HAVE AN IMPACT THAT I
THINK THAT IS MORE IMPORTANT TO
ME RIGHT NOW.
NEIL: WHEN DONALD TRUMP IS
PULLING EVEN SLIGHTLY BETTER AT
JOE BIDEN AT THIS POINT, IT’S
VERY EARLY, HOW WOULD YOU FEEL
IF HE RETURNED TO THE WHITE
HOUSE?
>> LOOK WOULD OCCUR TO SHOW THE
THERE’S NO POINT OF GETTING INTO
THOSE WE WILL SEE WHAT HAPPENS
IN 2023 AND WHERE WERE AT.
NEIL: WORKERS POLICIES BETTER
FOR YOU AS A BUSINESS MAN THEN
JOE BIDEN NOW?
>> LOOK WERE ONLY NINE MONTHS
INTO JOE BIDEN’S TERM, HOW MANY
CEOS HAVE YOU INTERVIEWED THAT
HAVE COME INTO TURNAROUND MAJOR
CORPORATIONS AND NINE MONTHS IN
OR THREE-QUARTER ZEN WHAT WOULD
YOU ASK AND WHY ARE YOU COMPLETE
TURNED AROUND, YOU CAN GO IBM,
GE, A NUMBER OF COMPANIES THAT
IT BROUGHT A NEW CEOS YOU DON’T
TURNAROUND, CORPORATIONS AND
NINE MONTHS LET ALONE
SIGNIFICANT CHANGES TO A COUNTRY
COUNTRY, THERE IS NO POINT IN
ARGUING THE POLICIES OF ONE
VERSE OTHER BECAUSE WERE ONLY
NINE MONTHS IN.
NEIL: WHEN YOU SAY TRAUMA TURNAR
THEY WILL SAY HE HAD NOTHING TO
TURNAROUND BEFORE THE PANDEMIC HIT AND WE WERE COMING OUT OF
HIT AND WE WERE COMING OUT OF
THE PANDEMIC, THE ECONOMY WAS ON
FIRE, THE UNEMPLOYMENT RATE UP
TO THREE AND HALF PERCENT, THERE
WAS NOTHING FOR HIM TO
TURNAROUND WHAT YOU MAKE OF THE
ARGUMENT?
>> THE PANDEMIC DID HIT IN A HIT
DURING THE PREVIOUS
ADMINISTRATION AND MORE POWER TO
THEM FOR INITIATING THE VACCINE
THAT HAS BEEN IN A MIRACLE AND
AMAZING AND NOW YOU HAVE TO
IMPLEMENT IT AND JUST LIKE WE
DEALT WITH THE ORIGINAL PANDEMIC
WE HAD TO DEAL WITH THE CHANGES
OF THE DELTA.
AND HONESTLY I NEVER THOUGHT
THERE WOULD BE A VACCINE
HESITANCY THAT THERE IS, TO ME
IT’S A MIRACLE OF SCIENCE AND
THE TRUMP ADMINISTRATION
DESERVES CREDIT FOR INITIATING
IT BUT NOW ARE HAVING ALL THESE
QUESTIONS OF WHY NOT TO GET IT
WHICH IS CRAZY, THAT IS A TYPE
OF AN EVENT THAT THIS
ADMINISTRATION HAS TO DEAL WITH,
IN TERMS OF WHAT WAS GOOD AND
WHAT WAS BAD, THE LAST
ADMINISTRATION IS SOMETHING THAT
I LIKE AND A LOT OF THINGS I
DIDN’T LIKE I DIDN’T LIKE THE
UNCERTAINTY, I DIDN’T LIKE THE
TWEETS AND I DIDN’T LIKE HIM
FIRING EVERYBODY AND PUTTING
HIMSELF FIRST BUT THERE WAS SOME
BUSINESS POLICIES THAT WERE
BENEFICIAL TO ME WITH ABIDING A
ADMINISTRATION I LIKE THAT WERE
TRYING TO DEAL WITH INCOME
EQUALITY I THINK WERE DOING IT
THE WRONG WAY I THINK IT’S SMART
TO INVEST IN EDUCATION AND
HEALTHCARE, A LONG LIST OF
THINGS THAT I LOOK AT HIS
INVESTMENTS AND OTHER PEOPLE
LOOK AT INVESTMENTS.
IF YOU IMPROVE THE EDUCATION IN
PRESCHOOL AND GRADE SCHOOL, THAT
IS GOING TO PAY DIVIDENDS IN THE
WORKFORCE GOING FORWARD.
THERE IS SO MANY THINGS WE NEED
TO INVEST IN AND HOW ARE WE
GOING TO COMPETE IF WERE BEHIND
A.I., I THINK THE BIDEN
ADMINISTRATION IS RIGHTFULLY
PLACING US THERE.
NEIL: DOESN’T BOTHER YOU THAT IT
COST SO MUCH MONEY AND A LOT OF
THINGS YOU’RE ADDRESSING ARE A PART OF THIS BUT NOT ALL OF
PART OF THIS BUT NOT ALL OF
THIS.
>> IS AN INVESTMENT, THE
QUESTION IS HOW MUCH WERE
SPENDING THE THOMAS RETURN CAN
WE GET ON IT, WE KNOW WHAT THE
EXPENSES RIGHT NOW WHEN WE DON’T
HELP PEOPLE WITH HEALTHCARE WHEN
WE DON’T HELP PEOPLE WITH
EDUCATION, WHEN WE DON’T HELP
PEOPLE GO TO WORK BECAUSE THEY
DON’T HAVE DAY CARE, THERE IS SO
MANY THINGS THAT WE CONTINUE TO PAY FOR, WE HOPE IT’LL GO AWAY
PAY FOR, WE HOPE IT’LL GO AWAY
SOMEDAY AND IT NEVER WILL WE
NEED TO MAKE INVESTMENTS TO
CHANGE THAT, I’M ALL FOR
SPENDING INVESTING, THE COMEDY
TRILLIONS OF DOLLARS ARE BEING
INVESTED IN TECHNOLOGY, BELIEVE
IT INVESTED IN THE AMERICAN
PEOPLE AND BELIEVE IN INVESTING
AND PUTTING PEOPLE IN A POSITION
TO SUCCEED, THAT’S WHAT A LOT OF
THE SPENDING IS, I THINK WE
COMPLETELY UNDERVALUE
INTELLECTUAL CAPITAL IN THIS
COUNTRY I THINK WERE MUCH
STRONGER TECHNOLOGICALLY AND
ECONOMICALLY THEN GDP
REPRESENTS, I THINK WE DO NEED
TO INVEST MORE BUT WE DO NEED TO
LOOK INTO THAT AS AN INVESTMENT,
CAN WE ARGUE WHETHER OR NOT WE
HAVE THE BEST PEOPLE IN PLACE TO
MAKE THOSE INVESTMENTS OR ENABLE
THOSE INVESTMENTS, ABSOLUTELY I
CAN TALK ALL DAY LONG ABOUT HOW
THE POLITICAL DUOPOLY IS
HORRIBLE FOR THIS COUNTRY AND
HOW WE NEED TO INTRODUCE RANKED
CHOICE VOTING IN A MULTI-SYSTEM
THE ONE THING WE KNOW FOR
CERTAIN IS NEITHER PARTY IS
GIVING US A CANDIDATE AND ALL
CANDIDATES AND POLITICIANS SEEM
TO CANDOR TO PEOPLE THEY THINK
WILL VOTE TO THEM OR DONATE IN A
PRIMARY AND THOSE ARE MORE
EXTREME VOTERS, THERE IS SO MANY
THINGS THAT NEED TO TAKE PLACE
IN ORDER FOR US TO GET TO A
PLACE WHERE THIS COUNTRY IS
MOVING FORWARD AND A LOT OF IT
STARTS WITH HOW WE CHOOSE AND
LETTER CANDIDATES AND THE
POLITICIANS WE VOTE FOR.
NEIL: MY PRODUCER WILL KILL ME
BUT I LOVE TALKING TO YOU, IT’S
CLEAR YOU’RE NOT RUNNING FOR
PRESIDENT RIGHT NOW, WOULD YOU
RUN FOR ANYTHING ELSE?
>> HELD NO.
NEIL: I WILL TAKE THAT AS A NO.
>> ALL RUN AROUND WITH MY KIDS.
NEIL: MARK CUBAN VERY GOOD
SEEING YOU THE OWNER OF THE