The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 19 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Cuban: Hospitals lie about losing eight to nine percent on Medicare
“It's a shit show. You know, you don't need, you know, all these, building all these new buildings and buying all this real estate, and there's no, you know, lying about your cost to do something. Oh, our Medicare, you know, we provide Medicare. We lose eight, …”
Cuban: Post-pandemic period will be the best time to start a business
“And going forward over whatever period of time it takes for us to get to the other side, it'll be the best time in the history of mankind to ever start a business because there are no rules.”
Cuban refuses to invest in venture-backed companies that buy market share
“The type of investments I won't do or don't do is ones where companies buy sales. So this is going to be a company that has to raise five hundred million to do one hundred million in sales because they want to own market share. And then they can get an exit be…”
Cuban: Cost Plus Drugs prices beat market rates 99% of time
“And just the way the industry is set up, that price, not always, but 99% of the time ends up being lower than what you're probably already paying. And most likely, It's lower than your insurance copay.”
Cuban: Big pharma will match Cost Plus Drugs' pricing as scale grows
“A lot of them will match. Some of them will ignore us. It depends on how big we get. You know, if we have ten million customers, they'll pay attention to us. If we have a million customers, maybe not. You know, and there'll be times when there'll be PR and, yo…”
Cuban asserts that the greatest companies rarely have had to raise money
“Again, the greatest companies rarely have had to raise money.”
Cuban predicts the post-COVID economic recovery will not be V-shaped
“I don't think we're going to have a V shape where all of a sudden everything's back to normal. I don't even think we're going to have a Nike swoosh shape where we go down lower and then come back up over a little lower slope. I think it's going to be a struggl…”
Cuban claims the United States is not a top-three leader in robotics
“America is not the leader in robotics. We're not top three”
Cuban says he will never invest for a 1% or 2% stake
“You'll never see me invest to get one or two percent, because the company can't get big enough for me to get a material enough return to have it impact my net worth, just to be brutally honest.”
Mark Cuban: Cost Plus Drugs charges a 15% markup plus $8 fees
“The goal for us is to take generic drugs and be very transparent in what our costs and operation costs are and sell everything at a 15% markup. And from there, we add a three dollar handling fee and a five dollar shipping fee.”
Cuban says every 'fake it till you make it' founder failed
“Every single fake it till you make an entrepreneur who pulled me has failed.”
Cuban: Cost Plus Drugs does not accept health insurance payments
“You can't pay using insurance on costplusdrugs.com. You have to, you know, put in your credit card and pay that way.”
Cuban: Cost Plus Drugs adds over 10,000 accounts per day
“We're adding 10,000 accounts Plus a day, and we're already past 50”
Cuban: Administrative expenses represent 21% of US healthcare costs
“Effectively about 21% of all health care costs in the United States are for administration”
Cuban lost money on the Mavericks by prioritizing winning over profitability
“Then I bought the Mavericks and we were losing money because I cared more about winning than making money.”
Cuban claims AudioNet was the only internet broadcasting company when founded
“When we started audio net, it wasn't like there was a streaming market. It was nice. It was nobody, not one single company doing what we were doing. And that was the exciting part because everything we did was the very first time it was done.”
Cuban asserts no company in history has succeeded without sales
“There's never been a company in the history of companies that's ever succeeded without sales.”