Mark Cuban tells investors to not get greedy keeping in mind the dot-com bubble of 1990s

One of the reputed investors in the market as well as a known face in the industry, Mark Cuban, has warned investors that they should not get too greedy due to the rising markets after the lockdown period and reminds them of a similar incident in the past. Cuban, who is known for his exploits in the TV show Shark Tank where he along with others, invests in startups and helps them grow has a word of advice for everyone. Cuban believes that the current scenario of markets is somewhat similar to the 1990s bubble.

He said that while things might be different right now, they are quite similar as well. He referred to the fact that Federal Reserve right now and said that “In some respects, it’s different because of the Fed and the liquidity,” but added that “on a bigger picture, it’s so similar.”. He says that the post-lockdown situation in the market with ongoing pandemic reminds him of the 1990s dot-com bubble which presented a similar scenario. However, we would like to add that the two situations can’t be compared because we are fighting a public health emergency right now.

Mark Cuban added that “I had my 18-year-old niece asking me what stocks she should invest in because her friends are making 30% per day and other people just randomly asking me that never look at stocks at all what stocks they should invest in,”. He also added, somewhat sarcastically that, “Everybody is a genius in a bull market,”

“Everybody is making money right now because you’ve got the Fed put and that brings people in who otherwise wouldn’t participate.” Mark Cuban reveals that he advised his niece that the best way to make money right now is by “cashing way” and that he tells everyone that “Don’t get greedy”.