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Gambling Hedge Fund

, 2004-12-03, by TwoGun

Mark Cuban is one of the most prominent businessmen in the world. He co-founded Broadcast.com and MicroSolutions and is currently the owner of the Dallas Mavericks basketball team. He has also done very well investing in the stock market.

According to Mark Cuban, there are similarities between the stock market and betting on sports or poker. For example, investing in a stock is similar to betting on that stock increasing. Likewise, betting on the NY Yankees to win the World Series is similar to investing in the NY Yankees.

Cuban wants to start a hedge fund that will solely make gambling bets. Instead of hiring professionals to play the stock market, Cuban plans on hiring professional gamblers that will play poker, make bets on sports, etc. You can read more about his proposed gambling hedge fund at the Mark Cuban Weblog.

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