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> Mark Cuban used options to guarantee he would be set for life no matter what happened to Yahoo's stock Care to explain further, or point me to where I can re
by llimllib 18y ago
> Mark Cuban used options to guarantee he would be set for life no matter what happened to Yahoo's stock
Care to explain further, or point me to where I can read more?
Edit: I think the "equity collar" article linked below sorted me out.
- chwolfe 18y agohttp://www.fastcompany.com/magazine/63/fasttalk.html http://www.fastcompany.com/magazine/63/fasttalk.html "The basic worry that comes with having lots of money is no different from what worries everyone else. Whether you've got $100 or $100 million, you don't want to lose it. After we sold Broadcast.com, I hedged my stock with synthetic indexes, in case the market cratered in the six months before I could hedge my actual Yahoo shares. It cost me $20 million, but I protected what I had. Todd Wagner and I had a credo: "Pigs get fat; hogs get slaughtered.""