Mark Cuban, billionare owner of the Dallas Mavs and founder and seller of broadcast.com to Yahoo in the Wild West heydays of the internet bubble, has become somewhat of a folk hero to the average Joe the Plumber. He’s been ubiquitious of late: he’s showing up on podcasts like NPR’s Planet Money and has preached fiscal responsibility in these times of crisis. People like what he has to say because they can relate to Cuban’s humble beginnings.
Cuban’s post ‘How to Get Rich‘ was so popular because here was a billionaire who said that there simply is no silver bullet. Not in real estate. Not in startups. And certainly not in the stock market (he advocated squirelling money away in CDs). Well, I guess he knows what he’s talking about — the WSJ reports that the SEC has charged Cuban with insider trading relating back to his 2004 position in Mamma.com (remember that one? What were we all thinking? Please forgive us, almighty GOOG).
Doctor, heal thyself.
