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It’s just a matter of time until we see the same meltdown in traditional college education. Like the real estate industry, prices will rise until the market revolts. Then it will be too late. Students will stop taking out the loans traditional Universities expect them to. And when they do tuition will come down. And when prices come down Universities will have to cut costs beyond what they are able to. They will have so many legacy costs, from tenured professors to construction projects to research they will be saddled with legacy costs and debt in much the same way the newspaper industry was. Which will all lead to a de-levering and a de-stabilization of the University system as we know it.
And it can’t happen fast enough.
Here now are Cuban’s answers. A lot of answers. Granted, most of them are short but Cuban can pack a lot into a terse words (unlike a few million politicians and businessfolk we know). He has some strong words on financial engineering and, if you read carefully, lots of good career advice. My hands-down favorite: “Never follow your dreams. Follow your effort.” Read More »
Mark Cuban is known for a lot of things: the well-timed sale of Broadcast.com to Yahoo!, which made him rich; his high-profile ownership of the Dallas Mavericks (and co-ownership of the media company 2929 Entertainment); his cameos on Entourage, and much more. (FWIW, Forbes pegs Cuban’s net worth at $2.3 billion.)
Now Cuban has published an eBook, How to Win at the Sport of Business. It is compilation of greatest hits from Blog Maverick. Cuban did a Q&A on our blog a few years ago and is now back for more. Read More »
David Stern ran roughshod over owners during the recent NBA lockout negotiations. He was willing to levy stiff fines for any public comments that might undermine an image of management unity.
But the league’s power to control dissident owners possibly changed on Nov. 14, when the union representing NBA players formally dissolved. The league treated dissolution as a bad faith bargaining ploy by the players to gain bargaining power. You see, sports leagues can engage in collusive conduct that would otherwise violate the Sherman Antitrust Act – so long as the collusion takes place as part of a collective bargaining agreement. By disbanding the union, the players were threatening to expose the league to massive antitrust liability.
The league treated the players’ dissolution as though it had no impact on its control of team behavior. But imagine for a moment that one of the team owners took the players decertification seriously. Read More »
Life only tastes good when you eat what you kill. When you hustle for what you earn and someone pays you money in proportion to the service you’ve offered, the idea you’ve created, your ability to execute on it, and their ability to consume it in a way that benefits them.
Someone asked me the other day, “What does it mean when you say you ‘Eat what you kill’?”
It means that the greatest pleasure is going into the jungle and mastering the ability to hunt and survive without the help of masters who only pretend to guarantee our safety; i.e., bosses. Whether you’re an entrepreneur, an employee, a student, a homemaker, a writer — it’s time to start forgetting about all the ways the world has promised you safety and comfort.
Human knowledge has torn apart our families, our bank accounts, and lulled us into a creepy sense of Disney stability. A good friend of mine was just laid off from his job of ten years. He found out through an email and was asked not to come into work for the rest of the week and to clean out his desk when security came in on Saturday. All of that human knowledge in an email. Ten years of work. Time to cut costs. “What do I do now?” he asked me. Read More »
A roundtable discussion about panhandling featuring, among others, Arthur Brooks, Tyler Cowen, and Barbara Ehrenreich. Read More »
Driven by a question similar to Dubner’s theory on libraries, University of Texas economist Stan Liebowitz examines the effects of radio play on record sales, and finds that heavy radio rotation may actually hurt sales. Reader Geoffrey Wiseman pointed us to an alternative explanation for violinist Joshua Bell‘s remarkable inability to draw a crowd during […] Read More »
We ran Part 1 of our Q&A with Mark Cuban yesterday; here is Part 2. Thanks again to all of you for the good questions and to Mark for the great answers. Q: I loved your early bet on HD entertainment – it was spot-on. What industries do you see on the horizon that offer […] Read More »