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Strategies & Market Trends : John Pitera's Market Laboratory

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richardred
To: richardred who wrote (20056)9/29/2017 1:50:14 PM
From: John Pitera1 Recommendation  Read Replies (1) of 33421
 
Hi Richard, you pose an excellent question.

In watching the interview that you linked to I believe it takes us back to the the tremendous opinions
and emotions that were in play in the 2016 .

From an Writing and rhetoric perspective his statements are a type of appeal to emotion where he
was looking to influence voters prior to the 2016 election by stressing the dire consequences of a DJT
electoral victory as President of the United States.

Although debating in various forms has a long history,[ according to whom?] and can be traced back to the philosophical and political debates of Ancient Greece, such as Athenian democracy, modern forms of debating and the establishment of debating societies occurred during the Age of Enlightenment in the 18th century.[ citation needed]

Debating teams are often helpful[ peacock term] to high school students in teaching the writing process, as well as in teaching rhetoric................................................................................

Logical consistency, factual accuracy and some degree of emotional appeal to the audience are elements in debating, where one side often prevails over the other party by presenting a superior "context" or framework of the issue. In a formal debating contest, there are rules for participants to discuss and decide on differences, within a framework defining how they will interact


Mark Cuban is a fairly typical type A -- Alpha male...... He was a go for it entrepreneur who when you read his Wikipedia entry was a highly motivated grandson of a Russian Jewish immigrant to the US who came in via Ellis Island.

His History is really worth a look, as he does tend to interject his thoughts and opinions into the marketplace of ideas in the US "political and economic bouillabasse "... that we keep on the burner and is changing and evolving all of the time.

Mark Cuban was born in Pittsburgh, Pennsylvania. [7] [8] His father, Norton Cuban, was an automobile upholsterer, [9] [10] [11] while Cuban has described his mother, Shirley, as someone with "a different job or different career goal every other week." [12] He grew up in the suburb of Mount Lebanon, in a Jewish [13] working-class family. His paternal grandfather changed the family name from "Chabenisky" to "Cuban" after his family emigrated from Russia through Ellis Island. [14] [15] His maternal grandparents, who were also Jewish, came from Romania. [16] Cuban's first step into the business world occurred at age 12, when he sold garbage bags to pay for a pair of expensive basketball shoes. [7] [17] At age 16, Cuban took advantage of a Pittsburgh Post-Gazette strike by running newspapers from Cleveland to Pittsburgh. [18]

Instead of attending high school for his senior year, he enrolled as a full-time student at the University of Pittsburgh where he joined the Pi Lambda Phi International fraternity. While attending the University of Pittsburgh, he held a variety of jobs including a bartender, disco dancing instructor, and a party promoter. Growing up in Pittsburgh and attending university there as well caused him to become a "beloved" fan of their NFL team, the Pittsburgh Steelers. [19] After one year at the University of Pittsburgh, he transferred to Indiana University in Bloomington, Indiana, and graduated from the Kelley School of Business in 1981 with a Bachelor of Science degree in Management. [20] [21] [22] He chose Indiana's Kelley School of Business without even visiting the campus because "it had the least expensive tuition of all the business schools on the top 10 list". During college he had various business ventures, including a bar, disco lessons, and a chain letter. [7] [23]

Business career[ edit]In 1982, Cuban moved to Dallas, Texas, where he first found work as a bartender, [24] [25] and then as a salesperson for Your Business Software, one of the earliest PC software retailers in Dallas. He was fired less than a year later, after meeting with a client to procure new business instead of opening the store. [26]

Cuban started his own company, MicroSolutions, with support from his previous customers from Your Business Software. MicroSolutions was initially a system integrator and software reseller. The company was an early proponent of technologies such as Carbon Copy, Lotus Notes, and CompuServe. [27] One of the company's largest clients was Perot Systems. [28]

( Extended Editorial Observation by JJP: Being involved with Perot has been conduit to fortunes being made.... after all H. Ross Perot, was a Marine who , went to work for IBM in the late 1950's.... Perot was such a Type A - Go Getter--- Much as Mark Cuban, Larry Ellison, Bill Gates, Larry Page, Henry Flagler, John D. Rockefeller, Mark Zuckerberg, Henry Ford, Thomas Edison etc ..... so Perot was so ambitious and full of energy and desire for success that he Sold his entire year's quota of mainframes by the end of January of one of his first years and asked for an increase in the number of IBM computers he could sell.

IBM did not want to rock the boat with the other members of the sales team they had put together and thus Perot left IBM and this led him to found EDS.... Electronic Data Systems which in fairly quick fashion hit the Jackpot by winning the contract, to Process the incredibly massive and lucrative US government contract for computer processing of the great society Programs that LBJ created in 1966, Medicaid, Financial Aid to unmarried woman, and a number of "great Society" social safety-net programs.




The famous book "the Go-Go Years" written in the late 1960's starts out with a summary of how EDS issued an IPO in the Great GO-GO Bull Market of 1967-68 and Perot and the company became the most successful IPO in history and I believe that Perot became a paper Billionaire due to the IPO being issued at the height of a huge speculative mania. This is logical as it was doing massive computer contract work with the biggest US Government payments program in history .... and LBJ was a master at spreading the wealth of the USA and the Government budget to fellow Texans who were his political supporters.




At the University of Houston, I was a member of the very first class of students who were taking an entry course on Entrepreneurship that would then be used to cull a pool of top students to participate in the first class at U of H in the new Business Degree of Entrepreneurship. One of the founders of the curriculum and the guiding light of the program was a banker who was on the board of governors of the Federal Reserve during Lyndon B. Johnson's Administration. the reason that he was on the board of the FED is that he was a Houston Banker LBJ, was very liberal in the pork projects he delivered to Texas, Dallas and especially Houston.... just look at where NASA is located)

In 1990, Cuban sold MicroSolutions to CompuServe—then a subsidiary of H&R Block—for $6 million. [29] He made approximately $2 million after taxes on the deal. [30]

Audionet and Broadcast.com[ edit]In 1995, Chris Jaeb and fellow Indiana University alumnus Todd Wagner started Audionet (which Cuban started to fund in 1998), combining their mutual interest in Indiana Hoosier college basketball and webcasting. With a single server and an ISDN line, [31] Audionet became Broadcast.com in 1998. By 1999, Broadcast.com had grown to 330 employees and $13.5 million in revenue for the second quarter. [32] In 1999, Broadcast.com helped launch the first live-streamed Victoria's Secret Fashion Show. [33] That year, during the dot com boom, Broadcast.com was acquired by Yahoo! for $5.7 billion in Yahoo! stock. [34]

After the sale of Broadcast.com, Cuban diversified his wealth to avoid exposure to a market crash. [35] The Guinness Book of Records credits Cuban with the "largest single e-commerce transaction", after he paid $40 million for his Gulfstream V jet in October 1999. [36]

Cuban continues to work with Wagner in another venture, 2929 Entertainment, which provides vertically integrated production and distribution of films and video. [37]

On September 24, 2003, the firm purchased Landmark Theatres, a chain of 58 arthouse movie theaters. [38] The company is also responsible for the updated version of the TV show Star Search, which was broadcast on CBS. [39] 2929 Entertainment released Bubble, a movie directed by Steven Soderbergh, in theaters on January 27, 2006 and DVD four days later as a simultaneous release.

Cuban was featured on the cover of the November 2003 premiere issue of Best magazine [40] announcing the arrival of High Definition Television. Cuban also was co-founder (with Philip Garvin) of AXS TV (formerly HDNet), the first high-definition satellite television network. [41]

In February 2004, Cuban announced that he would be working with ABC television to produce a reality television series, The Benefactor. The premise of the six-episode series involved 16 contestants trying to win $1 million by participating in various contests, with their performances being judged by Cuban. It premiered on September 13, 2004, but due to poor ratings, the series was canceled before the full season aired. [42]

In 2011, Cuban was No. 211 on Forbes' list of "World's Richest People", with a net worth of $2.6 billion.

Cuban financially supported Grokster in the Supreme Court case, MGM v. Grokster. [43] [44] He is also a partner in Synergy Sports Technology, a web based basketball scouting and video delivery tool, used by many NBA teams.



As you can see, Mark Cuban had a company he built that in other market environment might have been worth $20 million.... but vast and deep and profound fortunes were made by the much beloved .com and B2B mania of 1996-2000....

Many fortunes were made and lost ... which is all so often the case in the financial markets and in life in general.

Mark Cuban was take your pick A) Lucky enough B) smart enough C) wanted the $5.7 billion to invest in
other projects and needed to dump the Yahoo stock to finance the D) je ne sais quoi


So Richard to answer your question when one has a series of business successes it is only possible if you are an optimist and believe in yourself and your ability to analyze and make decisions..... especially business decisions. It obviously takes a certain level of intelligence or street smarts to have the type of run
that Cuban, as well as thousands of other successful businessmen/women, Musicians, actors, authors,
painters, scientists... and successful people from all walks of life.


and It also has engendered Mr. Cuban with strong opinions which many, many people have and he is certainly not afraid to speak his mind on a wide range of topics.


How is that for an answer to your question.?

John: Would you listen to Mark Cuban? Was he just ill timed?

I myself personally, like to get a number of different opinions and perspectives on many things that I do or consider doing and then let the input and the different ideas and points of view ferment in my mind and try to come up with the advice/ idea which I assess as being the best.

my very best regards,

John
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