Loading summary
Tim Miller
Foreign. Hello, and welcome to the Bullard Podcast. I'm your host, Tim Miller. Delighted to finally welcome an entrepreneur and investor, film producer, former owner of the Dallas Mavericks. Boo. He just wrapped the final season of Shark Tank. It's Mark Cuban. How you doing, man?
Mark Cuban
Good, Tim. How are you doing?
Tim Miller
I'm doing pretty well, you know, with the obvious caveats applying. The Nuggets aren't in the finals tonight. Well, I guess we're taping this on Thursday, so the finals might be over by the time people hear this tomorrow afternoon. And, you know, the world has gone mad, but my life's good. How about you?
Mark Cuban
You know, same, right? I mean, the Mavs aren't in the finals. Nothing else would matter, right? What else matters?
Tim Miller
You got the number one pick. All right. I've got so much I want to pick your brain on and limited time, so we'll just try to move through it all, I guess, since we're doing the Never Trumper podcast. I just. I kind of want to start with the Trump Trump report card from you. I mean, you're. You're for Kamala and for Hillary, but you try to be a straight shooter, which I appreciate. You know, you'll give him a. You'll give him something. I don't like to hand it to him. You know what I mean? Like, I'm reluctant. I'm reluctant to be. It's like that old drill meme. I'm issuing a correction. You don't got to hand it to the terror group isil. I feel that way about Trump. But. But how about. How about you. What kind of report card would you give him right now? Just, you know, across economy, foreign affair, etc.
Mark Cuban
So when I was campaigning for Kamala, we said we were going to shut down the border effectively, right? And we talked about how the new plans from Biden had reduced the numbers so that they were lower than Trump in his final month, et cetera. He's done it. He shut down the border, you know, and so he. He deserves credit for that. He said he was going to change the conversation on dei. I don't think he understands what DEI is, and so I don't know how much he's actually changed other than a lot of copy pasta and search and replace. And obviously, there's times when, you know, there's. There's been economic impact where programs have had to be shut down, but I think generally across the country, I don't think he's had dramatic changes on corporations, but he's done what he said. He's going to do. Right. So that's two.
Tim Miller
Yeah. No Harvey Milk on the boat anymore. Sorry, Harvey. Yeah, Rip.
Mark Cuban
And so third, I say deportations. He's done it wrong, but he's done it. I think we get confused a little bit on deportations because he's. He puts everything on tape and he makes everything an event which amplifies it. But at least the last numbers I saw, he wasn't deporting as many people as Joe Biden.
Tim Miller
I think that's changing a little bit the last couple of weeks.
Mark Cuban
Well, I think he's tried to make it seem like it's changed. Right. And he's certainly done a lot of high profile attempts at deportations, for sure. But then he walked it back. I mean, where the greatest numbers were, you know, farmhands, you know, working in service industry.
Tim Miller
The deportation thing is very important to me. So I just, like, part of that is because Joe Biden gets credit for, like, he didn't shut down the border the first three years. Right. So the people, some people are coming across the border, then they're getting turned right back around. So that's a one.
Mark Cuban
Right?
Tim Miller
You know, that's. That counts as a one. Right. And so, and so that number. Right. So now Trump has fewer, but there he's doing more of like, the raids of, like, random businesses and people that have worked here a long time.
Mark Cuban
So, no, look, when I was out there for Kamala and I talked to businesses and I would say, do you want somebody walking in the door asking you for all your I nines and then going in and then taking those phone numbers and showing up at people's homes? And we're going to have Elliot Gonzalez day in and day out. So he said he was going to do that and he's done it. I don't say that I'm agreeing with it, but he's doing it right. And I think he's made a lot of mistakes in his approach, etc. But then again, he walked it back and the numbers show, at least prior to that, that he wasn't even hitting Biden numbers, which obviously freaks Stephen Miller out a lot. So that's three. Number four is what he's done on crypto with the sec. And I'll separate those two. Right. Crypto put aside his grift. Right. That's ridiculous. The Trump meme coin. Like, literally when that Trump meme coin came out, I emailed the CEO and the people I knew at Coinbase and said I was embarrassed to be a customer of Coinbase because they were Trading it. He's allowed to do a meme coin. More power to him.
Tim Miller
Right, the sponsor of the military parade. You mean coinbase?
Mark Cuban
Yeah.
Tim Miller
The military parade.
Mark Cuban
You know, you got to kiss up to the audience of one. Yeah. But that said, I am a fan of crypto and I think there is utility for it. But how, how Trump has done it with the meme coin is ridiculous. That's a 4A. I guess 4B is the SEC. The SEC was a mess. And you know, I truly believe Gary Gensler cost comma of the election. But that's a different conversation. But just generally the way the SEC has historically done business. And look, they came after me for insider trading. I beat them in about three hours in a trial, literally in the time it took for lunch. That was it. But their whole spiel has been you litigate to regulate, meaning you don't tell anybody what the rules are, but if they believe you broke the rules, then they're going to sue you anyways, which is wrong. And this guy who's in Kamala, when I was out campaigning with her and with talking to Doug about it too, comma, is a smart lawyer. And we had this conversation. You need bright line rules in the SEC so people know what they can and can't do when it comes to starting or running any business. Bright line rules, I think will reduce the number, number of infractions and lawsuits because people know what they can't do. The new approach, that's what they're doing. So those are his wins in my point.
Tim Miller
All right, let's hear about the negatives. Where do you give them some L's?
Mark Cuban
Oh, my God. Just no leadership, you know, no ability to make a decision. Still listens to the last person he talked to is excluded from the big boy conversations. I mean, the list is long economics.
Tim Miller
How about your wheelhouse?
Mark Cuban
I mean, he doesn't understand tariffs, but you know, I just look at it.
Tim Miller
A whole picture and what you're doing is he's putting together this, this bill on the Hill that's going to raise interest. I think this is like, appreciate it. And I wonder your take on this because the first term he did some pretty traditional Republican economics and took a lot of credit for it and pretended like it was his magic business apprentice skills. But it was like kind of the same policies that Marco Jeb would have done.
Mark Cuban
Right 101.
Tim Miller
This time it's different. And the environment's different because of interest rates and a bunch of other stuff globally. So we've got a debt busting bill that's going to increase everybody's interest rates, combined with tariffs, that is going to increase everybody's costs, combined with deportations and a culture of fear that is, that is going to affect the workforce. Like you combine all that shit together and I mean, it feels kind of status quo Y to Biden, except for in certain industries, like right now, in people's lives every day. But I don't, I think it's going to start feeling worse for people not too long from now.
Mark Cuban
It already is starting to feel worse. Right. There's two economies in the United States right now. There's all the small towns and cities and states, they're getting torched. Everything that they do, you know, forgotten man.
Tim Miller
You mean the forgotten man people?
Mark Cuban
Exactly. Yeah. The real people that, you know, working on farms, the people who do beef, you know, that do cattle in Nebraska. All the states that have to balance their budget now find themselves short because of all the Doge cuts or all the office closings or the people that are laid off. They're all in deep shit. Like one of my fun pastimes is to look at small town newspapers. So like I'll get the, the Parkersburg Sentinel. I forget what it's called and I'll just go reading through it because they'll write about the things that are impacting their local community and I want to understand where the impact that Doge is having or is not having. Just to check my whole card. And literally, you know, the Daughters of American Revolution museum type thing, that money that they got from the states, gone, right. The, the buildings that housed, you know, Social Security or, you know, in Parkersburg, West Virginia, it's of 29,000. And you know, there's the Treasury Group there that has 2,000 employees. And I don't, you know, at least 125 have been fired. But all these small towns, particularly red towns, are decimated and it's only going to get worse. And I think they're going to have the hardest time with all the economics and even from a tariffs perspective, you know, when something goes up in cost and you have to ship it to a small town, it's a lot more expensive to ship it to a small town. So they get double whammied. Whereas the blue towns that are the bigger, more urban and consolidated cities, they're going to get hit less New York, Louisiana, Right. They'll have an impact there, but it's not going to be nearly as bad as the small towns.
Tim Miller
Have you ever wanted to learn more about wine but can't Figure out where to start and don't have the Cuban budget when you're going to the wine store. Well, I've got the answer for you. This podcast is sponsored by naked wine this 2025. Are you still shopping for wine like it's 2005? Naked Wine is a service that directly connects you to the world's finest independent winemakers so you can get award winning wine delivered straight to your door. Use our code the Bulwark for the code and password@nakedwines.com and get their incredible deal of six bottles for just $39.99. For me, I'm not really a wine man, you know, I'm more of a bourbon or a kind of a micro brew Colorado boy. But it's just nice to have wine bottles around the house. You never know somebody's coming over. My parents like wine, want to have something with their care. We get invited to a dinner party, want to have something to taste out. Naked Wines has been a great solution for me for making sure we have wines around the house affordable, couple different varietals, test out different things. You can tell them what you like. It is a wonderful service, couldn't recommend it more. Naked Wines has been around for over 15 years. Funds over 90 independent winemakers around the world with no commitments or membership fees. You can enjoy Naked Wines hassle free and you can pause or cancel at any time. Now is the time to join the Naked Wines community. Head to nakedwines.com thebullwork click enter voucher and put in my code thebullwerk for both the code and password to get 6 bottles of wine for just $39.99 with shipping included. That's $100 off your first 6 bottles at nakedwines.com TheBullWerk and use the code and password TheBullWerk for 6 bottles of wine for $39.99. I want to do a little bit of going back. Unfortunately. You mentioned Kamala a couple times as if you were like you were in the room. And so I'm going to start here. We're going to do just a little gossip. At first there was some green room gossip at msnbc. You ready for this? I wouldn't tell you this, it wasn't pretty good. Somebody I kind of trust said that they asked you to send in VP vetting papers and you said no, the list would be too long. Is that true? Yeah, it is true.
Mark Cuban
Yeah.
Tim Miller
Why didn't you consider? I mean you ended out there campaigning with her, advising her.
Mark Cuban
Yeah, the Second part of that, my response was, I'm not very good as the number two person. And so the last thing we need is me telling Kamala, you know, the president, that, no, that's a dumb idea. Right. And I'm not real good at the shaking hands and kissing babies either.
Tim Miller
All right, well, I don't know about that. I was talking to Pete Buttigieg a couple of weeks ago, and I was like, I want to, you know, give you a time machine. We're going to go back in a DeLorean, like, what could we do different? So I want to ask you that same question, but also in the context. Like, if it was you instead of Tim Walls, who the hell knows? I don't know. It feels maybe different. It feels maybe different.
Mark Cuban
I mean, obviously, it would have been different. My personality is completely different than Tim's. My experiences, my backgrounds are completely different. I think I've cut through the shit more directly. I'm not a politician, and so it would have been different, but it would have been awful. She would have fired me within six days.
Tim Miller
It would have been better than present situation.
Mark Cuban
Yes, it's true. But, you know, I really thought she was going to win either way.
Tim Miller
Here's what I want to pick on that. And I know you don't want the clip here. You're like, we would have won if Mark Cuban was vp. And I don't know, and I don't even know if I believe that, but maybe I think it would have been meaningfully different in a way that, like, picking Josh Shapiro or whatever wouldn't have been meaningfully different in a way that's kind of hard to predict. But I was listening to you today with my man, Theo Vaughn, my fellow Louisiana podcaster, my guy. And you did two hours with this dude.
Mark Cuban
Yeah.
Tim Miller
And I listened to all of it on 2x speed, and I'm like, the.
Mark Cuban
Most crazy experience ever. Because Theo at 1x speed is crazy.
Tim Miller
Yeah, it's wild. He's, like, asking about porn and gay stuff, and, like, then you get into politics and he's all over the map. But, like, at the end of the two hours, it's still hard for me to understand why he's for Trump. Like, there's no real substance. He's gangster.
Mark Cuban
He's gangster, baby.
Tim Miller
That's what he said, right? Yeah.
Mark Cuban
His vibes. He's gangster, but that's. Look, most people just want to live their life. They want to get up in the morning with a smile and not be stressed. In my mind, the number one job of Any candidate. And this is where Trump is spectacularly failed. The number one job of any president could be to reduce the stress of the people of the country.
Tim Miller
Well, that's all, at least for me.
Mark Cuban
Look, there's only one thing we all share, and that's our president.
Tim Miller
Yeah.
Mark Cuban
Everything else is unique to us, you know, or. Or unique in a thousand different ways, but the president is the one thing we all, all share. And having somebody who communicates trust and hope and reduces people's stress is critical. But the point being, relating it back to Theo, and it's not his job to think about all that shit. They're not gonna think pragmatically about what's best for me and what's best for the country. And that's what the Democrats have to learn. People just want to get through and get to the game. Like, who's gon win tonight? Like, am I going out to get drunk? Where are my boys at tonight? You know, who's playing who and what's the spread?
Tim Miller
Yeah, we're gonna talk about how gay the Roman Empire was, you know, and, like, whether if you get rich enough, you get bored with straight sex, whatever other random shit he wants to talk to you about. Here's the thing, though. I. And I am actually. I'm not critical of Theo. I wish we lived in a world where every single person with a platform, like, thought a little bit more deeply about policy. And, you know, I've had a chance to meet him, and I did.
Mark Cuban
I go to.
Tim Miller
Yeah, yeah, I wish that. But we don't. We live in the world we live in. And, like, the thing that's actually important about that observation you just made is that, like, I came away from that thinking, like, basically he just wanted a guy that wasn't a. Like, he's not ideological. A lot of the Democrats look at all that, and they're like, they're racist, they're conservative. We're not gettable. And, like, this dude, like, it pretty much came down to he didn't want somebody that was a politician. Trump's vibes are a little more gangster. He doesn't like getting his finger wagged at. And, like, that might be shallow, but, like, that's also gettable. That makes them get. And so that's why I'm like, if Cuban was on that ticket, they're gettable, right?
Mark Cuban
They're all gettable, right? Look, Rogan, Theo, the Pauls, you know, the Nelk boys, all but Rogan, I've been on. They want to talk about sports. They want to Talk about girls. They want to talk about getting up, they want to talk about gambling. Right. They don't want to talk about politics. 99% of people in this country do not want to talk about politics on a day to day basis. And in fact, fact, they're trying to get away from it. So if you're going to try to connect to them, you've got to connect to them on a human level. You can't talk ideologies. You can't ask for ideological purity. You know, you can't extrapolate every single piece of shit that happens and say, now this is going to happen all the time, everywhere. That's not how most people think.
Tim Miller
Yeah. And this. So now this is the part that makes me want to pull my hair out about them though, because when you get to the policy, it's like most of them are for like Bernie healthcare stuff, totally vibing with your cost plus drugs reform stuff, which we'll talk about again against the Iran war that Trump might be getting us into right now. Right. And so like on policy stuff, like on immigration stuff, they're pretty reasonable.
Mark Cuban
What does that mean? It means we don't know how to sell. Well, I told this to Kamala, I told it to Tim, I told it to the people around Kamala. Our problem isn't our policies. Our problem is how do we sell them. Right? How do we make people feel comfortable with what we believe so that they will at least absorb it and understand that there's, you know, that there's something in it for them. It's just like our lives that we live on a day to day basis, the things that we eat, the things that we, you know, how we look at our health have all changed. They've changed. And over time, these things have been, you know, communicated and sold to us in different ways. And we've evolved. The Democrats have not evolved. Republicans have evolved. There is no more Republican Party. You know, it's the Trump family business. And Trump has always been a salesperson. And Trump understands that if you make people feel envious of some other group and then in turn you shit on that other group that they're envious of, you can sell them pretty much anything.
Tim Miller
Okay, so there's another group of people you hang with that I do have a little more contempt for than the Theos of the world, and that's the rich guys.
Mark Cuban
I don't hang with motherfucking rich guys.
Tim Miller
You don't? Okay, well, whatever. You know rich guys better than me. I don't get to talk to Rich guys. You talk to rich guys sometimes. Maybe you don't hang with them. You at least hear from them. A lot of what you guys do in an investing class and all that is it's risk assessment, right? There's risk assessment as a central part of all this. And I just, for the life of me, can still not wrap my head around the failed risk assessment from these.
Mark Cuban
Guys on Trump versus Trump versus Biden. Okay, I'll explain it to you exactly. So even when I was out there trying to talk about cost plus drops, and I went to the White House and Ron, I met with Ron Klain a little bit for a few minutes, and then I wanted to meet with Biden, he wouldn't meet with me. I wouldn't say he wouldn't. He couldn't. Maybe he just couldn't. But put me aside, maybe I don't rank right, but every single business person that I've spoken to said the same thing, that they wanted to get time with Biden and couldn't do it. And whether it was about AI, whether it was about crypto, whether it was about other businesses, you know, even Elon, when they were talking about EVs, he couldn't get in the room. So their first initial response is, this guy doesn't like us. So then the question comes, Biden or Kamala versus Trump. Right? The response as it remains, as it applies to Trump. Because I was like, I know this guy, right? I did a podcast with Vivek where I said, vivek, this guy underpaid invoices. Would you ever underpay invoices? No. This guy ripped people off.
Tim Miller
But okay, that's neither here nor there.
Mark Cuban
I may not agree with him policy wise, but not like that. But in any event, like I use the example, because that's when not long after the trials in New York were happening, and Michael Cohen was talking about how Trump underpaid invoices, and he was proud of Michael when he did the same thing. I'm like, I thought when Michael said that shit, maybe, you know, when he'd have his, you know, little standup press conference after each day's hearing, that he would say, of course I paid everybody. No, right. All these guys, all these business guys, I would say, character is destiny. Character is destiny. This is what you're going to get. And they're like, they would always go back to his first term, but he didn't do any of these things in the first term. He didn't do this, this, this, this, and this. And we have no reason to expect that he would change dramatically and do anything differently than the first term, Obviously that was wrong, but that was their logic.
Tim Miller
That was not satisfying to me. It might be true, but it wasn't satisfying. It's like, oh, okay. Oh, I didn't want me with me. Okay, well, let me give it another perspective with me. Trump's a moron. If Trump walked into any of those guys boardrooms 10 years ago and was like, will you give me $50 million? He would have been laughed out of. Marc would have laughed him out of office.
Mark Cuban
But let's take it one step further, right? So let's talk about them showing up at the inauguration and giving all that money. Why? Right? And I'm going to tell you exactly why. We are in a zero sum game with artificial intelligence. These companies, these five, six, seven companies, are spending 60 to $100 billion a year so that they can potentially win AI. You know who had no interest in talking about that or dealing with that? Joe Biden. I tried to get Amala more pushing it, and she did, but by that time it was already too late. They were already all in. And so if you're in a position, Tim, where you just spent 60 to $100 billion and the requirement so that one guy with one pen can't fuck you over and end that 60 to $100 billion is, you have to kiss the ring. If the Democratic Party said, you know what, we've got this asshole Republican who'll switch. If Tim Miller goes and kisses the ring and shows up at, you know, you're doing it, you know, it's a zero sum.
Tim Miller
Well, I'm not doing it. I've got a great life at my home in New Orleans. But I hear you. Most people are doing it. My little studio.
Mark Cuban
No, but you know what I'm saying though, right? Because it is a zero sum game for them.
Tim Miller
I want to get to the AI thing next is literally the next thing on my list. But I just want to push back on one more element of it. Okay. I don't agree with it or endorse it, but I get it. In the period between him winning and Inauguration Day again, that last two months, though, it's just like, you look at this guy, I mean, forget going into Andreessen Horowitz. If he showed up on Shark Tank for a crossover episode, it's just like, this is ridiculous. Like the downside risk, the tail risk of giving him. And imagine when he's 82, what are you gonna do?
Mark Cuban
How do you change it?
Tim Miller
Okay, they could have Done what you did. I guess, I guess this is my question. Why is it just. I literally would say this to Nicole Wallace would be off air and I'd be like, why is it Liz Cheney and Mark Cuban and you and me, like where is everybody else? Why didn't they do anything?
Mark Cuban
I don't need anything from them, you know, I mean they literally have hundreds of billions of dollars at risk. The future of their companies that they've spent their entire lives building is at risk. That's why.
Tim Miller
All right, you're kinder to them than I am, which is nice. That's a good instinct. I want to ask you about the AI stuff. This is another thing you're more optimistic about than me. There's an alarming AI story I want to get to, but I want you to do a bull pitch for me on AI first before I get to the alarming stuff.
Mark Cuban
I'll tell you what I tell every kid I Wish I was 16 because the tools that AI provide any 13, 14, 15, 16, 20, 25, 30 year old kid to go out and start a business are amazing. It's like having every professor, every library, every mentor, every consultant available at your fingertips to go out and do whatever it is you want. If you didn't graduate from high school, if you never even sniffed a community college, if you're willing to spend time with all these new AI tools that are changing by the minute because you have the time and the interest to do it, you are going to have the most significant job advantage, competitive advantage, entrepreneurial advantage. This is such a unique time in history when it comes to enabling young kids to do unique things. We've never seen anything like it. And if you believe in Gen A and Gen Z and what they're able to do for the future put aside, you know, our age, my age, right. If you believe in them and what they're able to do, I think it's just going to be incredible.
Tim Miller
I do believe in them. I worry though about just even the widening gap that we have now. Like look, I got a 7 year old, I hear you man. Like a 16 year old who's a, who's a somebody that's a self starter, who's curious, who's interesting and the best time in the world, right? A 16 year old who's lonely, who is, doesn't know what to do with themselves.
Mark Cuban
Now you got somebody to talk to.
Tim Miller
That'S very concerning, that's not a real conversation, that's not a real human.
Mark Cuban
But, but so having access to a therapist on A marginal smartphone, not a real therapist. Read some of the research. Now, in terms of how kids are, look, there are risks, right? There's been a kid who killed himself, right? There's been kids who get too and connected to it. So it's pick your poison. Do you want a kid who's isolated? Isolated with nobody to talk to at all, with no access to therapy? Now that's a different problem and a different issue we might be able to solve in another way by getting them support or having a tool.
Tim Miller
I maybe want them at the pool, I want them at the local pool, I want them at the community.
Mark Cuban
Well, that's a whole different thing.
Tim Miller
Can I pick option 3?
Mark Cuban
No, option 3 is going to chat GPT or perplexity and said I need a workout program and I need a social program. So the point being that we have a lot of problems, social problems. A lot of social problems across the entire spectrum of people, every city, every demographic. Right? No if, ands or buts about it. Now we can talk about what are the paths we can take to solve those problems. And all the ones that don't involve AI are incredibly expensive, incredibly people intensive and really difficult to implement in any political environment. But on the other hand, what we're talking about are the frailties of AI that's relatively new. And so can we get accomplished therapists, accomplished psychologist, accomplished sociologists to produce models that are trusted because they define the models. I think the misperception that we have is that there's going to be this one big AI model that's not going to be the case. Those people who are spending the 60 to 100 billion dollars a year, they all have to compete and each of those is not going away. But more importantly, there are going to be millions of models. There are going to be millions of things and apps where you can say the therapist you wish you could have gone to, like this was the perfect therapist for, for you or your child. That therapist will have a model and that model will have the guardrails that you'd want that they would use in a face to face conversation. And if hopefully there's a reasonable price, then you can use a tele. Have a telehealth moment where they talk to them. AI will make that better, not worse.
Tim Miller
Okay, there's a key word that you had in there, guardrails. Because I do want to talk about this because I would have if had we done this. I know this would have been a dream for me in 2007. So I would have been a pagan shit and not had the balls to push back on you. But in 2007, I would have agreed with you. I'd have been like. Because I was like, south by Southwest kid, very excited about all these new social apps. And I've got 18 years of experience now and all of the cool stuff about the social web that I was promised. We got some of them totally different, though.
Mark Cuban
Totally different.
Tim Miller
Okay. But part of that was because there wasn't a lot of smart regulation. These boomers on the Hill did let these guys kind of do whatever they wanted. And now you're telling me, well, what the AI gazillionaires, the wannabe trillionaires that are doing this AI, what they want right now is a president who won't fuck, who won't do anything, who won't put any limits on them, any regulation that concerns me a lot, given our experience in the last this little round.
Mark Cuban
Right. And that's fair. But the question becomes, who are we competing with? What are the options available to us? Right. And so unlike most technologies, historically the US has just dominated, but now countries are starting to realize France, the uk, China in particular, are realizing that, look, this is a race that might end up, you know, creating some level of economic and military dominance, and we have to win the AI race. And they're not going to have any guardrails. And so will there be some level of collateral damage? Yes. What it is, I don't know. Well, could it be worse than we ever expected? Yes, I'm not gonna lie. Right. But what's even worse is where we know there are no guardrails and nobody will attempt to create guardrails in other countries. And I'd rather have somebody who's, you know, living domiciled here, pays taxes here, whatever, has a business based here where you can go after somebody when they've done some AI that we don't think is acceptable at any level if you just stop it before anybody gets to innovate. We're not good at determining where innovation will lead to. And that's the catch 22. Now, going to social media, where the algorithms have gone and the dominance by all these people who are rich. The good news is from AI is it's so much easier to create competitive applications and have different levels of communications. I think people are going to use social media less, and I think a lot of this is just starting.
Tim Miller
But in retrospect, we should have regulated the algorithms. Like, you should have had a system where, like, you had to opt in to getting information and stuff.
Mark Cuban
So I'll tell you an argument I got on Twitter, right? This was years ago and I said we needed to use real names.
Tim Miller
Yeah, I've always been for that too.
Mark Cuban
But here was the argument against it and it made me really think, right, whistleblower, yeah, all that stuff. Yeah. And so you pick your poison. And so. But now when you, you know, with Elon owning Twitter and you know, meta with Zuckerberg and it's all self enrichment and all that, you know, the question becomes, what alternatives can you create? The good news is we may not have to create alternatives because AI, if you've seen all the, the AI generated videos that are popping up, they will dominate, dominate social media because everybody's trying to arbitrage the economics and make money. And so it's going to be really tough to know what's real and what's not real. And you may not need real people to create entertainment, which means that, no, don't do that. Because that in my mind, I think it's going to force people more face to face communications. I did this.
Tim Miller
I just loved it. In your pro pitch, it's like it's going to be hard to tell what's real and what's not real. And that's in the positive pitch, but.
Mark Cuban
That is positive in some respects, right? Because it ends up being not a silver bowl. It's not the right term, but it becomes so easy to overwhelm, to flood the zone, if you will, with stuff that isn't real. People are going to want stuff that is real and we'll want more face to face communications in business as well. When you get all these fake voices calling you as a sales, it's like if you're the company that has a salesperson at least knocks on your door or shows up face to face, you're going to appreciate that if you don't know what's real or not, you're going to want somebody telling it to your face so you know it's real and that you can trust it. I just had the same conversation with a bunch of doctors an hour ago. The number one business attribute is trust. For any app, for any business, you have to be able to engender trust. In an AI world. In my business, yeah, for sure, right. In an AI world, it's easier to do a lot of processes, but it's going to get harder and harder to get people to trust what you're presenting because the pedigree is uncertain, the background is uncertain. So when you try to game all these things out and look at second, third, fourth order. Right. I don't think it's as bad as you think because there's so much competition and I think there's a positive to it. But I understand the risk. If I convince you, if I.
Tim Miller
No, no, because here we go. I haven't even got. I haven't even got you to the thing that I was gonna. That I wanted that prompted this topic. OpenAI. In a press comment yesterday, they cautioned that upcoming models will carry a higher level of risk when it comes to the creation of biological weapons, especially by those who don't really understand what they're doing.
Mark Cuban
Yeah, that's fucked up.
Tim Miller
That's not a great warning sign. Yeah, I'm putting that in a cigarette pack. It's like might get lung cancer on OpenAI. It's like maybe a random teenager will create a biological weapon. That's a little concerning.
Mark Cuban
Yeah, it's like a cigarette pack sack saying, when you light this, it might have a blast radius of two miles. Right. No, like I said, there's going to be unintended circumstances. There's going to be collateral damage, just like there are on the Internet. Remember when the Internet first started hitting, it was like, let's see if we can look up how to make an atom bomb. Right.
Tim Miller
Yeah, sure.
Mark Cuban
And you know, and so, yes, all those things. And I would be shocked that OpenAI didn't put guardrails because it's easy to say bomb and da, da, da, da, da, but it makes for a great way to sell yourself and get everybody talking about you.
Tim Miller
Oh, interesting.
Mark Cuban
Because look at what Gemini's. And the difference between Gemini and ChatGPT is Gemini, the guardrails are too extensive. Right. It's like Gemini is boring, whereas Chat GPT kisses your ass too much. Right. And it.
Tim Miller
Right.
Mark Cuban
You know, and so they've all made choices, but they're in a death war. Death not being literally to see who's going to win market share. Right now it's Chat GPT, but they might be the IBM of AI models right now. We just don't know.
Tim Miller
All right, I want to go back to crypto really quick. I'm so torn on this one because I agree with your kind of passing comment earlier that it really hurt the Democrats how hostile they were to crypto and Gensler. And I see, yeah, I see it in my life just anecdotally with random non political friends. So I agree with that. And yet crypto needs to be regulated and this bill that they put through Congress is not it. And I Have friends that are in.
Mark Cuban
The crypto industry for stable coins. Yeah, that was only pretty much for stablecoins.
Tim Miller
Right? So they get mad at me. I got friends that are at Coinbase, at these other platforms. They get mad at me for my comments on this. And I'm like. And they're like, well, you know, there's some really legit. Bitcoin is legit. The X is legit, Y is legit. And I'm like, okay, but if you walked into Walmart and it was like three aisles were legit products and then like 27 aisles were total scams.
Mark Cuban
Okay, but let's take what you're saying. Go to Amazon, right? So one of my big things that I pushed and I tried to get Kamala, but it was too esoteric, is all the knockoffs on Amazon, like, all a bunch of my Shark Tank companies. A bunch of Shark Tank companies, period. The shows on Shark Tank, they're already on Amazon.
C
Boom.
Mark Cuban
Income. The Chinese knockoffs. And you probably don't know this, but if you're a Chinese company and you want to sell on Amazon, you don't have to have any Nexus in the United States, meaning there's no paperwork you have to fill out. You don't have to have a domestic location you don't have. There's no proof that you file taxes on anything you make. You can just come in and fuck over as many American companies as you want. So to your point that they're, you know, even in real life products, they're scams left and right. And that's a whole lot more expensive than even the crypto.
Tim Miller
Just really quick, though, like, I hear you and that's bad. And we should have rules against the Chinese knockoff guys. But, like, it's the business person that's getting screwed over in that case. Like in the, in the crypto coin case. It's the consumer.
Mark Cuban
No, it's the people. No, no, no, no, no.
Tim Miller
No consumer's getting a product.
Mark Cuban
No, it's Tim walking in and thinking he's buying dude wipes. One of my Shark Tank companies. And it says, dude, you don't know the difference.
Tim Miller
Okay, gotcha.
Mark Cuban
All right, so you don't know the difference, so. Because if they weren't selling anything, I.
Tim Miller
Thought you were saying they're just making a cheaper knockoff brand. No, they are literally copying it.
Mark Cuban
Yeah, they're literally copying it and making a knockoff and they're getting. They're outselling the Shark Tank companies. And those. Some of the Shark Tank companies have gone out of Business. Right.
Tim Miller
I did at least get my Chinese wipes, though. Whereas the people invested in Melania Coin just lost their ass.
Mark Cuban
But it's their. It's their lottery ticket, right? I hate meme coins. I hate them. I hate them. Right. I think they're. They're the scum of the crypto earth. Right. It's a problem. I don't think they should exist. But the people who love them look at it as a musical chairs lottery ticket, that if you know how to play the game, you can make money out of it.
Tim Miller
But we've got rules on the lottery man, Steve Wynn. And you want to get in the casino business, you can't just like, have a lottery where everybody loses. Loses.
Mark Cuban
I hate meme coins. That's what I just said.
Tim Miller
But we have rules, so we gotta have rules, right?
Mark Cuban
I agree. Right.
Tim Miller
Yeah.
Mark Cuban
I'd have no problem. Outline meme points. Now. The crypto people would hate me, right? And they do hate me because I'm not purely libertarian on it, but I think to evolve from the pure libertarian history of crypto to get it to where it's made more mainstream and easy for grandma, which we. We failed at miserably so far. Look, let me say it differently. There's been things that have worked really well with crypto and things that have failed miserably and things that should have worked well have failed miserably. Like smart contracts on Ethereum to create, you know, applications that truly have utility that should have been way further ahead than it is. And the reason it's not is because Gary Gensler made it impossible to follow the rules. Now, that's not the same case in other countries. So a lot of companies left. But when you look at the grifts, like the meme coins, like the Melania and Trump coins, that's just a grift and there's just no other way to put it. And either you pay a whole lot of tax to grift people, that there's rules, there's regulations. I agree with you 100% there.
Tim Miller
Do you worry about Paranoid Tim's coming in now? Do you worry about the teal. The idea that they're trying to move us off of fiat currency altogether and the risk associated with that? Does that worry you at all?
Mark Cuban
Yeah, there certainly is risk because I forget the name of it, but I lost money 15 years ago with this. Not a bond, but it was ri. Something that said it was. It was backed by the dollar and it would never break a dollar until it did. Right. In like 2008. And this was a regulated thing, so there is that risk for stablecoins. The genius act was a first step, but it's not the last step. I don't think people are going to take it.
Tim Miller
You liked the genius act.
Mark Cuban
I thought it was a good first step. Just so we can start making the point that crypto can be regulated because it won't be the last regulation. But to your point, is Thiel trying to undermine the US Dollar? I don't think so. Right. I think he knows that there's two.
Tim Miller
Are you 100% sure?
Mark Cuban
No, I'm not. Obviously. Nothing about Peter THIEL Am I 100% sure about. Right. I've only met the guy once. But at the same time, that undermines the entire economy, and that does no good for anybody.
Tim Miller
That circles me back to the Trump point. I guess this was my whole thing of the Trump point. The whole time is like, he obviously was gonna be bad for the economy. To me, his stated plans were all very risky.
Mark Cuban
I agree with you. I agree with you. Right. I mean, all the things I said when I was out for Kamala turned out to be 100% true. Right. I was up, I bet, at a hundred. And I would tell people this, and they were like, but he didn't do it before. He did do it before. Terrorist.
Tim Miller
My people. It's Mitch McConnell and Paul Ryan's fault. It's my people. For jamming through the traditional Chamber of Commerce Republican agenda and letting him brand it, you know, honestly.
Mark Cuban
Yeah. I mean. And you know, again. I'll say it again. Character's destiny. Donald Trump is a great marketer, great salesperson, and like a lot of salespeople that I've dealt with, he cares more about closing the sale, saying he closed the deal than following through to make sure the service is delivered.
Tim Miller
Cost plus drugs. How would you fix the healthcare system? Easy question. You have two minutes.
Mark Cuban
Oh, I only got two minutes.
Tim Miller
Right.
Mark Cuban
Well, first, what is cost plus drugs? You go to costplusdrugs.com and you put in the name of your medication. Let's just say you have cancer and you need a matnip. Right. If this was four years ago, you'd walk into a big pharmacy and that matinib would cost $2,000 plus. Now you go to costplusdrugs.com, you put it in. We show your actual cost, what we pay for it. Show up. We show you our markup. It's only 15% if you want it via mail order. We have a pharmacist review it for $5 and $5 for shipping and handling, and that's it. And so you know exactly what it's going to cost you for any of your medications. And we've helped millions of people and saved I don't even know how many lives and helps all over many families. So that's part one. Part two. How do you fix health care? Right? First is transparency. That's a big part of it. But part two is, is you look for the leverage points in healthcare, because that's what fucks it all up. When you think about healthcare, it's really simple, right? You go to the doctor, the doctor either says you need something or you don't. If you need something, then there's only two questions. What's it cost? And how do you pay for it? That's it. The problem with healthcare isn't the doctors or even the hospitals. It's what we charge and how we ask people to pay for it. And a big part of that problem is because of how the whole system is set up. If you think about healthcare plans, whether it's aca, whether it's Medicare Advantage, whether it's Medicare Part D or for your company, right, You've got some insurance company that's saying, look, here's the plan. We're going to change it every year. We're going to have one plan that has a low premium, high deductible and another plan that has a high premium and low deductible. And young people, the people with less money, always choose the high deductible and hope they don't get sick, right? But what they don't tell you is one, they set the deductible so high, given that, you know, most of America can't afford $400, there ain't no fucking way they can afford to pay their deductible. Now you. Who loses that money when they can't afford to pay their deductible? It's not the insurance company. It's not the company that you're getting your insurance from. It's not the ACA plan. It's the fucking hospitals and doctors that they've turned into prime lenders. You know, the, the guys who have to take on any risk. And so because of the plans that the insurance companies have designed where they don't pay any attention or give a shit if the people can afford the deductibles that they sign up for, and the government hasn't figured out yet that we've got a guarantee it like we can't do single payer right now. What are your feelings on single payer?
Tim Miller
No. Insane. Like to the idea that we could afford that. No, I liked the old. There was a rye. I think it was Ryan Wyden. It was an old Paul Ryan thing which will trigger some of the progressive listeners. But it was basically just like a public option for low income. It's like a Medicaid thing and it was scaled up and like the higher you go.
Mark Cuban
And we got that, right? We kind of got that with Medicaid.
Tim Miller
Sort of a scaled up version of it. Yeah, yeah.
Mark Cuban
First thing, the Medicare. Careful. If you read the like Congressman Jaypel's Medicare for all proposal, the first thing it says is this, this shall be run and organized by the Secretary of Health and Human services.
Tim Miller
Insane. So RFK Jr. Is running it.
Mark Cuban
That's all you need to know.
Tim Miller
Yeah, that's all you need to know. Right.
Mark Cuban
But here's the thing, right? If we introduce transparency, just say like cost plus, everything was transparent, right? Then you could have cities, states, counties and say look, here's our budget. We and if we know exactly what it's going to cost and we can use scientists to extrapolate the data to figure out what our annual budget should be, then it could start just like Canada started their care programs. Because that's what Canada did like in 1947. One of the, you know, Ottawa, one of the provinces just said look, we know what it's going to cost, we think we can cover it. But you can't do that in the United States of America until you're transparent about all the cost us. And if you start doing that, the two problem children are the insurance companies and the PBMs because they have all the leverage, right? The PBMS control the formularies for 250 million lives and the insurance companies that own the PBMS control the plans, the insurance plans for just as many lives. And so they have all the leverage. If you a divorce formularies from PBMs, they lose that leverage and you don't need them for formulas anyways. And so it goes down to a direct cost. And if you're transparent on that and the same thing on health care, if you simplify the payment terms, all of a sudden you can get to single payer, but it's on a municipality, county, employer or whatever. I do that in two minutes.
Tim Miller
No, it was three. But that's okay. I'm making a hard turn. Health care is the hardest one. You asked me like what am I thinking about the social. My, my honest opinion about health care is that, like, it seems like our current system is the worst of both worlds. Like, a more free market system with a. With a big. A big safety net for like, catastrophic would be better.
Mark Cuban
We don't have a free.
Tim Miller
Socialize would be better. Like, our system is like, it's taking the worst of both of the combos. I'm making a hard turn into Blue Sky. This started because you DM'd me and you're like, why aren't you on Blue sky? My response to you is like, number one, I like fighting, as you can tell right here. And I don't want to be in a bubble just because I enjoy fighting. And number two, bubbles feel toxic. And like, the types of fighting that happen in bubbles is not the type I like. And people are nitpicking me all the time. And I'd rather be going across, you know, ideological perspectives. Across the lines.
Mark Cuban
Yeah, for sure.
Tim Miller
And like, that's my issue with it. Two months later, because it's taken us a while to make this happen. You skied it. Basically my critique of Blue Sky. So where are you at? You. Welcome aboard. But where are you at on it right now? What's the solution?
Mark Cuban
I'm disappointed. Right? It didn't have to be that way. They took the path of not trying to bring in new users that have different viewpoints. They knew that there was a. They had a big base of users that wanted ideological purity. They knew it. Right. I've talked to them them and they started to bring in a couple verticals. Like, the NBA's got a great vertical Econ. Sky is really good. Book talk a book. Sky, rather is really good. Right. But they made no effort to go bring in other people. It's not too late. I actually just wanted to kick them in the ass. Right. Because it's disappointing. To your point. I want to fight with the people who disagree with me and I want to have in depth conversations to see if I can change their minds or they can change.
Tim Miller
I don't want to have Army Vice President J.D. vance going on just to be a dick about it, really.
Mark Cuban
I did. I did, though. Why not? He set himself up.
Tim Miller
You like that?
Mark Cuban
I love that. Yes. You got.
Tim Miller
He's really smarmy about it though, right?
C
So what?
Tim Miller
Yeah, so what? But it doesn't just like. I know. It just doesn't. Like, it's like, ugh. Like, it's like. It wasn't a real attempt to engage, though.
Mark Cuban
No, of course not. Yeah, of course. Of course. And I I even, quote, tweeted him and, quote, squeeded him and said, you're lying. Right? When he talked about pharmacies paying for, I forget what it was. I just quote, squadron said, you know you're lying, right? I don't believe you. And that's fine. I want that opportunity no matter what the platform. Because, you know, if you do it on Twitter, you're just. Your. Your replies are just going to get destroyed for a month.
Tim Miller
All right, we're going to close with Rapid Fire mba. But just first, I have to do it. So I'm not going to ask you the obvious question, like, because I know that you're gonna duck it. I know you're gonna duck it. Or the two obvious questions. But before I get to either of them, it's like, so what percent chance are you going to run for president? I know you're not going to say you're going to. Is it zero? It's not zero. It's 2%. It's 0.0.0. Nil.
Mark Cuban
My family, my wife repeats that because, like, there was the Bloomberg article that just came out and asked the question and she, she. Someone sent it to her and then she saw it.
Tim Miller
She's like, no, what was the dumb and dumber thing? You're not even going to, like, be like, you're saying there's a chance.
Mark Cuban
There's a chance.
Tim Miller
No. No, nothing.
Mark Cuban
Okay, so I'll say it's not 100% zero. If all of a sudden Trump was on the ballot for a third time.
Tim Miller
Okay.
Mark Cuban
Right. Maybe that would do it.
Tim Miller
What if it's his kid? What if it's JD and Don Jr. That's not enough to get you off the couch.
Mark Cuban
No.
Tim Miller
All right. I think you're lying. Here's why I think you're lying to me. I think you're an honest person. But you showed up at the Dorkiest Never Trumper conference in D.C. where the proud boys came and protested us. Made it kind of interesting. I love the principals first guys. They are great rate. But I'm like, only someone who at least thinks they might run for president would show up to this.
Mark Cuban
No, that wasn't it at all. It was the exact opposite. It was like, these people have no idea how to sell. They have no idea how to convince people who don't agree with them. Right. It's easy to convince people in the church. Right? Praise the Lord. We all agree. It's hard to convince people that the reason you like to go to Twitter because it's more fun, but it's harder. Right. You have to find a path. Path in order to do it. That's why I do these things. I've done it for the MOD Squad and all these other groups. Right. Because you've got to be able to tell them. You can't just. Because Trump. You can't just say no to everything Trump does. That is not an approach. Right. Maybe it's this stop clock is right is right twice a day. But you've got, you've got to be able to say, okay, he was right on this, he was right on this. And you can't call people who support Trump a culture.
Tim Miller
Well, sometimes the truth is the truth.
Mark Cuban
No, but let's talk about that. Right? So, like one of my buddies, when Trump first ran, I was like telling him, because I've known Trump for 25 years and I'm like, dan, you know, guys in the mid-50s, like, why DA, da, da, da, da, da. Let me tell you something, Mark, I've been voting for politicians my entire life and you know what they've done for me? Nothing. You know the definition of insanity?
Tim Miller
Not really true.
Mark Cuban
Well, his mind, that's all that matters, right? It's all that matters in the mind of the voter. Right.
Tim Miller
So does he come around this. It's. Trump's done nothing for him.
Mark Cuban
No, no. But let's talk about.
Tim Miller
Seems like he's in a cult then. He hasn't come around yet. It's been nine years. What has Trump done for him?
Mark Cuban
You're a white guy in New Orleans, right? So just a random white guy in New Orleans. You think that because of dei, you or your brother, your uncle, your friend didn't get that promotion?
Tim Miller
I get it.
Mark Cuban
Right, yeah, sure.
Tim Miller
I get.
Mark Cuban
So he said he was going to do something about dei, in your mind, he did it. You have a cousin that works construction, Right. He's, you know, he thinks that he's.
Tim Miller
Not getting higher pay workers getting deported right now.
Mark Cuban
Well, yeah, right. But he's thinking coming into all this, right, right. He's thinking, I'm not, you know, these guys are on the corner and I'm not getting that work because these immigrants. Right. So I want the border closed. Did Trump do it? Yeah. Now I want those guys deported. So maybe my wages might be a shittier job, but my wages are going up because. Did Trump do it? Yeah. So now tariffs, it's going to cost you more money. Yeah, maybe. But you know what? Those first three things that were important to me, bam, bam, bam. Trump got it. Right.
Tim Miller
Right.
Mark Cuban
And so I'M going to give him the benefit of the doubt on the force.
Tim Miller
I mean, Mark, that sounds like a cult to me because it's like Barack. You could just be like, barack Obama got you out of the Iraq war. Is that, are you not happy about that? We got, you know, what, do you have a nephew that's gay? We got gay marriage now Joe Biden, you got a tax cut from George W. Bush. Like you could do this spin for anybody.
Mark Cuban
Of course, of course. But this is the here and now. Right. And that also is the difference between the Democrats and the Republicans. The Democrats always extrapolate some anecdotal scenarios and say, see, he's done it this number of times, so he's going to do it all the time. I don't think Trump voters think that way. Trump voters look at it and say, this is me, this is now. This is what's affecting my life in, in a simple way. Right? The Iraq war, maybe I had some family there and, you know, you know, they're out now. That's great. Maybe, you know, we were. Had the great financial mess and Obama helped fix it. Yeah, but that was, I don't remember back that far, particularly, you know, if I'm 70 years old, the average age of the Fox viewer, 75, the average age. I'm not hearing any of that from fox. Right. And if I'm going to an SEC school, if I'm going to lsu. Right. I'm not hearing any of that. Right. I'm, I'm hearing, you know, all the, you know, he fixed the ei, he, you know, took care of immigration, deporting the guys who are keeping my buddies because I don't want to go to my buddies who don't want to go to college now. And so, so the point being is you have to recognize that's the reality. Like, we did the Shark Tank thing and I went to lsu, nose Auburn, and it was like, oh, my God, they were hating on me. Like, they were, like, hating on me.
Tim Miller
Because of all the Trump, you could handle it, you handled it.
Mark Cuban
I don't give a shit. Right. But it's, you know, it was just interesting to know. And so I really, really think that if the, if the Democrats are going to understand why Republicans haven't just turned on Trump, like, it makes so much sense to us that he should. You have to realize that he's batting 750 for most, particularly for white guys under the age of 50 or 55. He's doing exactly what he said. Unless you realize that you have no way to change their mind.
Tim Miller
All right, have your wife call me because I hear you on that. Two rapid fire NBA. You realize that you leaving the Mavs caused a butterfly, flapped its wings. Think about all the people you hurt. Everyone in Dallas, every Lakers hater, every tanking team that wanted Cooper fly flag. The Buss family is gone now. Jay Moore is a billionaire now because of you. Like, think about all of the impacts of that decision. What do you ever reflect on that? I mean, how insane is what happened?
Mark Cuban
I am one powerful motherfucker.
Tim Miller
That was insane. You should have stayed.
Mark Cuban
It was crazy.
Tim Miller
You should either stay or been Kamala's vice president.
Mark Cuban
In hindsight, I would have done it a lot differently. But it is what it is. It is.
Tim Miller
Okay, I got to do Nuggets, then we'll leave. We're in a pickle, man. I feel like we're like. On the one hand, we took Oklahoma City to seven. We're one player away from being NBA champions right now. On the other hand, they got the cap. They got no camp space. They're stuck with all these, what do you do? And we don't have a gm. Well, A, isn't it insane? We don't have a gm. And B, if you became the gm, what would we do? Help save the Nuggets.
Mark Cuban
Well, first of all, your former GM was Calvin Booth, who hit one of the biggest shots in Mavericks history. Second, why are you a Nuggets fan?
Tim Miller
I'm from Denver. I grew up in Denver. Denver.
Mark Cuban
Oh, okay. I thought you were from Louisiana.
Tim Miller
Yeah, no, I live in Louisiana now. I grew up in Denver.
Mark Cuban
Okay. Okay. So the challenge for all teams right now is we're transitioning from the old CBA to this new CBA with the second apron, which isn't a hard tap, but it's pretty damn close. And so teams have to all adapt. The bad news is, the good teams, it's going to be really hard to keep your good players. The good news is the bad teams are going to get better a lot faster because you're going to be able to get players for less and still stay under that second threshold. So I think for the Nuggets, they're going to have to draft really, really well. They're going to have to keep Russell Westbrook, and they need one more score. You know, they need another score.
Tim Miller
What? Michael Porter Jr. For 2/4 for a dollar?
Mark Cuban
It was tough. He hurt his shoulder, man. You can't put it on Michael. Mpj I know.
Tim Miller
I'm not putting it on. To me, I'm just looking at our options. All right? I mean, Jokic is the best player in the NBA. Right? And we got a small window.
Mark Cuban
Yeah. It's not close.
Tim Miller
Not close.
Mark Cuban
Yeah. And you have a long window because it's not like he's super athletic. So he'll be able to be really good till he's 35, 36, and he's only 30.
Tim Miller
It's so beautiful watching him. It's unbelievable.
Mark Cuban
Oh, he's so amazing to watch. Unreal.
Tim Miller
It's really been a joy of my life over this horrific political decade.
Mark Cuban
You know what basketball is that, right?
Tim Miller
Ball is.
Mark Cuban
Do you still hoop at all?
Tim Miller
I try. I'm not, you know, I never was that good. I was always the nerd. I was the play by play guy for GW's college basketball team. So I was always more sidelines. Yeah. But I do love it. But still.
Mark Cuban
But that's not even the point. You don't have to be good, Right? Just the feel of getting out there just solves all the world's problems.
Tim Miller
I get out there with my daughter a couple times a week. We go down to the park and it's awesome.
Mark Cuban
My son is 15 now, and now he's taller than me. He could finally beat me one on one. And it's the worst part of life ever because he talks shit like he'll have a ball. Even if he doesn't have a ball. He'll like do a spin move. Oh, my God, he's just killing me.
Tim Miller
But, well, I'm going to embrace it now because I'm still talking shit to my 7 year old. Making her cry after I win in horse, you know, And I'm in. And I enjoy that. It's good. It's a good life lesson. All right. I'm not letting you win a Norse.
Mark Cuban
But tell me if I'm wrong. Tell me if I'm wrong. Going out into the backyard or gym, wherever, and just making some shots and watching the ball go through the hoop.
Tim Miller
Good as it gets. You're not wrong. Mark Cuban. I really appreciate you taking all the time, man. I really am.
Mark Cuban
It was fun, Tim. I really enjoyed it.
Tim Miller
All right, come back another time. Everybody else will see you back here on Monday. Peace.
C
With me for sure with me. Sipping on Texas Whole bunch of chickens in the ceiling all my rich hood 175 for a wing Every time my fucking phone rings Asia Zen China speaks to Chinese Bad in the vil please Bad please Huh H Rats on my chain sneeze is number Getting money with me for show number Getting money with me for show Sipping on Texas dirt no win skits Trapping out of mansion choppers in a band though smoking strong doing donuts in Atlanta 11th grade in the lunch line with a bank rolling I your from the back without my chains on and my shades on Then I sent her home car the yeah frames match the presidential rolling I drink from zine cause it tastes good with what I'm smoking I told your take off her shoe before she jump in my car Getting head and counting money they're my favorite part A million dollars worth of calls in the front yard. Hey I keep real niggas with me everywhere I go real 24s back to back in a row.
Tim Miller
The board podcast is produced by Katie Cooper, with audio engineering and editing by Jason Brown.
Podcast Title: The Bulwark Podcast
Episode: Mark Cuban: Character Is Destiny
Release Date: June 20, 2025
Host: Tim Miller
Guest: Mark Cuban
In this engaging episode of The Bulwark Podcast, host Tim Miller welcomes entrepreneur, investor, film producer, and former Dallas Mavericks owner Mark Cuban. The conversation delves deep into the current political landscape, evaluating former President Donald Trump's performance, exploring the intricacies of cryptocurrency and artificial intelligence (AI), and discussing healthcare reforms. The episode offers candid insights, strategic critiques, and thought-provoking discussions aimed at understanding the complexities of modern politics and technology.
Tim Miller: Kicks off the discussion by asking Mark Cuban to assess Donald Trump's performance across various domains, seeking an honest report card that acknowledges both achievements and shortcomings.
Mark Cuban: Provides a nuanced evaluation, highlighting areas where Trump delivered on his promises and areas where he faltered.
Border Policy:
"When I was campaigning for Kamala, we said we were going to shut down the border effectively... He's done it. He deserves credit for that." [01:24]
Diversity, Equity, and Inclusion (DEI):
"He said he was going to change the conversation on DEI. I don't think he understands what DEI is, and so I don't know how much he's actually changed other than a lot of copy pasta and search and replace." [02:10]
Deportations:
"He's done it wrong, but he's done it. At least the last numbers I saw, he wasn't deporting as many people as Joe Biden." [04:16]
Cryptocurrency and SEC Policies:
"He allowed the Trump meme coin to come out... He's allowed it. More power to him." [04:11]
Negative Aspects:
Leadership and Decision-Making:
"No leadership, you know, no ability to make a decision. Still listens to the last person he talked to is excluded from the big boy conversations." [05:32]
Economic Impact and Tariffs:
"You combine tariffs, increased interest rates, deportations, and a culture of fear... It feels kind of status quo to Biden, except for in certain industries." [06:10]
Overall Assessment: Cuban acknowledges Trump's ability to fulfill certain campaign promises but criticizes his leadership style and the broader economic and social impacts of his policies.
Discussion Points:
Crypto Regulation Under Trump and SEC:
"The SEC was a mess. I truly believe Gary Gensler cost a lot of the election." [04:14]
Mark Cuban criticizes the SEC's approach to regulating cryptocurrency, advocating for clear, "bright line" rules to reduce confusion and litigation.
Meme Coins and Stability:
"I hate meme coins. That's the scum of the crypto earth. That's a problem." [35:17]
Cuban expresses strong disdain for meme coins, labeling them as detrimental to the crypto ecosystem.
Chinese Knockoffs on Amazon:
"Chinese companies can sell on Amazon without any paperwork or domestic presence, leading to rampant knockoffs of legitimate products." [33:02]
Highlights the issue of counterfeit products sabotaging genuine businesses.
Notable Quote:
"Character is destiny. This is what you're going to get." [18:16]
Cuban emphasizes the importance of character in business and political dealings, drawing parallels between Trump's business practices and his political performance.
Mark Cuban's Optimism:
Empowering Young Entrepreneurs:
"The tools that AI provide any kid to start a business are amazing. It's like having every professor, every library, every mentor available at your fingertips." [21:57]
Future Prospects:
"If you believe in Gen A and Gen Z and what they're able to do for the future... I think it's just going to be incredible." [23:03]
Acknowledging Risks:
Biological Weapons and AI Misuse:
"Upcoming models will carry a higher level of risk when it comes to the creation of biological weapons." [31:17]
Trust and Authenticity:
"In an AI world, it's easier to do a lot of processes, but it's going to get harder and harder to get people to trust what you're presenting." [32:15]
Discussion on Guardrails:
Cuban advocates for implementing robust guardrails to ensure AI developments are safe and beneficial, contrasting this with other countries' approaches that may lack such protections.
Notable Quote:
"There's going to be millions of models... that therapist will have a model and that model will have the guardrails that you'd want." [24:10]
Mark Cuban's Approach:
CostPlusDrugs.com:
"You put in the name of your medication... We show you exactly what it's going to cost you for any of your medications." [38:37]
Cuban introduces his initiative aimed at increasing transparency in drug pricing, offering medications at a fixed markup.
Systemic Changes:
"The problem with healthcare isn't the doctors or even the hospitals. It's what we charge and how we ask people to pay for it." [38:38]
Advocates for simplifying payment structures and increasing transparency to reduce overall healthcare costs.
Single Payer Discussion:
Cuban expresses skepticism about single-payer systems, suggesting modular approaches at municipal or county levels could be more feasible.
Notable Quote:
"Character is destiny. This is what you're going to get." [18:16]
Challenges for Democrats:
Cuban critiques the Democratic Party's inability to effectively "sell" their policies, emphasizing the need for better communication strategies to connect with voters.
Engaging Diverse Viewpoints:
"Our problem isn't our policies. Our problem is how do we sell them." [15:37]
Salesmanship in Politics:
"Trump has always been a salesperson. And Trump understands that if you make people feel envious of some other group... you can sell them pretty much anything." [15:37]
Contrast with Republicans:
Cuban points out that while Democrats struggle with communication, Republicans, particularly under Trump's leadership, have mastered the art of political salesmanship.
Notable Quote:
"Everything else is unique to us, but the president is the one thing we all share." [12:52]
Mark Cuban's Critique:
Disappointment in Direction:
"They took the path of not trying to bring in new users that have different viewpoints. They knew there was a big base of users that wanted ideological purity." [44:02]
Desire for Open Dialogue:
"I want to fight with the people who disagree with me and I want to have in-depth conversations to see if I can change their minds." [44:19]
Suggestions for Improvement:
Cuban advocates for creating platforms that encourage diverse viewpoints and meaningful debates rather than catering to ideological silos.
Notable Quote:
"You have to be able to say, okay, he was right on this, he was right on this." [15:29]
In the closing segment, Tim engages Mark Cuban in a rapid-fire round focused on NBA-related topics.
Mark Cuban on Leaving the Mavericks:
"I am one powerful motherfucker." [51:42]
Reflects humorously on his departure from the Mavericks and the subsequent impact on the team and league.
On Denver Nuggets and NBA Strategy:
"And you have to find a path in order to do it. That's why I do these things." [44:44]
Discusses the challenges faced by NBA teams under new Collective Bargaining Agreements (CBA) and the importance of smart drafting and team building.
Personal Anecdotes:
Converses about personal experiences with basketball, highlighting the joy and lessons it brings despite political tensions.
Conclusion:
The episode wraps up with mutual appreciation between Tim and Mark, reaffirming the value of open dialogue and diverse perspectives in navigating today's complex socio-political and technological landscapes.
Balanced Evaluation: Mark Cuban provides a balanced assessment of Donald Trump's tenure, acknowledging both accomplishments and failures.
Regulatory Insights: Highlights the need for clear regulations in cryptocurrency and AI to foster innovation while mitigating risks.
Healthcare Transparency: Advocates for increased transparency and systemic reforms to make healthcare more affordable and efficient.
Political Communication: Stresses the importance of effective communication strategies for the Democratic Party to better convey its policies to the electorate.
Emphasis on Diversity: Critiques platforms that prioritize ideological purity over diverse engagement, advocating for more inclusive dialogue spaces.
Personal Reflections: Shares personal experiences and anecdotes, bridging the gap between high-level discussions and relatable human elements.
"Character is destiny. This is what you're going to get." — Mark Cuban [18:16]
"There's going to be millions of models... that therapist will have a model and that model will have the guardrails that you'd want." — Mark Cuban [24:10]
"Everything else is unique to us, but the president is the one thing we all share." — Mark Cuban [12:52]
"I am one powerful motherfucker." — Mark Cuban [51:42]
This comprehensive summary encapsulates the multifaceted discussions between Tim Miller and Mark Cuban, offering listeners valuable insights into political assessments, technological advancements, and strategic communication.