How Cuban Scored With Amazon And Netflix

Video Credit: Wochit - Duration: 00:36s - Published
How Cuban Scored With Amazon And Netflix

How Cuban Scored With Amazon And Netflix

Mark Cuban told "The David Rubenstein Show" about his buy-and-hold stock strategy.

Business Insider reports the strategy led him to big returns on Netflix and Amazon.

The "Shark Tank" investor owns the NBA's Dallas Mavericks said he stuck with companies he believed in.

He owned Netflix stock since it cost $50 a share.

The streaming service closed Wednesday near $550.

He owned Amazon shares at just under $2,000.

On Wednesday, Amazon closed at $3,441.85.

Cuban also said he used to be an active trader but no longer was.

"There's a lot more money chasing fewer stocks, so it's harder to trade and be successful," he said.

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Business Insider - Published