Mark Cuban, the famed billionaire investor, “Shark Tank” personality and owner of the NBA’s Dallas Mavericks was a guest on CNBC’s “Halftime Report” on Friday to talk about a wide variety of topics, including his take on why the stock market is trading near all-time highs and his biggest stock holdings.
Cuban, like the vast majority of investors, believes that uncertainty is a recipe for disaster for the market. However, Cuban suggested that the market doesn’t care about anything political — even if Vice President Mike Pence becomes promoted to president.
Editor’s Note: Want to know what other stocks Cuban should take a look at in 2017, check out the real-time updated stocks focus list here.
Cuban further argued that investors are now fully understanding that major companies will be able to transform their businesses to the point where it can achieve greater productivity with fewer people — naturally this leads to higher corporate profits.
It is not only one of his two biggest holdings but that the company is “the greatest startup and the greatest company in the world.”
Cuban continued that Amazon’s continued innovation is not only disrupting the traditional retail landscape but it will soon be in a position to “disrupt everything” across many categories, including competing against Uber. Cuban also briefly noted that his second top holding is Netflix, Inc.
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