“I’m down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix and I’ve got a whole lot of cash on the sidelines,” Cuban said. “There’s no way where you can say, ‘I just trust everything that’s going on,’ and that concerns me.”
Cuban’s uncertainty regarding increased government spending despite the latest economic data showing growth, such as a 4.1% increase in the gross domestic product during the second quarter, gives him enough pause with the market. While stocks don’t rule his investment world, cash, in his estimation, is still king and with a purported net worth of $3.3 billion, Cuban has plenty of it.
“I’m ready, willing and able if something happens” said Cuban.
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