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Mark Cuban says he’s worried about the market and ‘hedged the heck’ out of his portfolio

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Billionaire entrepreneur Mark Cuban told CNBC on Thursday he was worried about valuations across a range of asset classes and has adjusted his investment portfolio accordingly.

“I hedged the heck out of my portfolio,” Cuban said on “Squawk Box.” He said near-zero interest rates from the Federal Reserve have helped lead to “speculation” across various areas, “whether it’s cryptocurrency, whether it’s trading cards, whether it’s non-fungible tokens.”  

“When you have such low interest rates, you’re going to get appreciable assets inflating,” said Cuban, who owns the NBA’s Dallas Mavericks and “Shark Tank” investor. “It creates a lot of concern because when interest rates, if and when they…



Source cnbc.com

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