God level trading! Mark Kuban reveals the War of the Gods: Not being greedy is the ultimate secret to keeping a billionaire's fortune Former Dallas Mavericks owner and billionaire Mark Cuban detailed for the first time in a recent interview how he managed to preserve his $1.4 billion fortune from selling http://(Broadcast.com). He recalled that in 1995, he and his college friends jointly founded this website, which was originally intended to listen to live basketball games, and developed it into the earliest streaming media giant of the Internet. With the Internet foam carnival, Yahoo gave them an olive branch and completed the acquisition by pure stock replacement. Faced with the huge impact brought by overnight wealth, Kuban showed a forward-looking clarity. Knowing that the stock market will rise and fall, he severely warned partners and company employees that the current Internet market valuation is outrageous, and the entire foam may collapse at any time. Don't be greedy. He quoted a famous Wall Street quote: "The little pig is full, the big fat pig is slaughtered. Don't let yourself become a slaughtered fat pig In order to lock in this astonishing wealth, Kuban decisively implemented the classic collar strategy in finance. He sold a portion of the potential upside potential of Yahoo's stock and used the proceeds to buy put options on the underlying market to hedge the situation. Only three months later, the Internet foam completely burst, and countless new technology tycoons returned to zero overnight, while Kuban was unscathed. This textbook level operation that perfectly locked in profits is still recognized as one of the top ten greatest trades in Wall Street history. He bluntly stated that blindly chasing more US dollars often does not lead to a good outcome. At that time, he knew he had earned enough money that he could never spend in his lifetime, and the only thing he needed to do was not be greedy and protect it.