I like Cuban’s public persona. He is obviously smart, is unafraid of risk and has been wildly successful. I have never met him.
Wall Street doesn’t shoot straight with the public. Investment bankers are salesman. Do you think a car salesman shoots straight with you when you go into the showroom? Why do you think an investment advisor that makes money selling you financial products is going to be any different? “Buyer beware” holds true no matter what you are buying.
In order to be a successful CEO of a company, you have to know how to sell. It’s one of my basic requirements if I am going to invest in a start up. Some CEO’s are great salesman, and it’s reflected in the companies stock price. Warren Buffett is a tremendous sales person. How much value he himself by force of personality adds to the stock price we won’t know until after he is gone. Apple’s ($AAPL) Steve Jobs was a great salesperson too. It will take some time for the dust to settle to see how much of a dollar effect his loss figures into the stock price. One of the reasons that Apple doesn’t mind articles pushing the fact that “Jobs still has products in the pipeline” is because they want to Jobs effect to be priced into their stock.
Cuban says, “Great CEO White Lie = “We are acting in the best interests of shareholders.””.
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