Mark Cuban didn't make billions by blindly trusting suits with glossy brochures and vague promises of long-term upside. He made it by questioning everything, reading obsessively, and refusing to take financial advice from people who earn commissions on his risk. So when the billionaire entrepreneur — who built and sold Broadcast.com to Yahoo for $5.7 billion — says brokers "don't have a clue," he's not being edgy. He's being consistent.
"If the broker had a clue, he/she wouldn't be a broker," Cuban wrote bluntly in a Young Money magazine interview back in 2007, "they'd be on a beach somewhere." Instead of entrusting his money to advisors with sales quotas, Cuban said the smarter move was much simpler: "Put it in the bank." That wasn't a fluke quote, either. Fifteen years later, in a 2022 interview with GoBankingRates, his advice stayed unchanged: "When you don't know what to do, do nothing."
