Mark Cuban doesn’t believe in following your passions

Worklife with Adam Grant

TED

Management, Worklife Podcast, Worklife With Adam Grant, Work Life Balance, Ted Talks, Podcast About Work Life, Ted Adam Grant, Adam Grant Podcasts, Ted Podcasts, Adam Grant, Organizational Psychologist, Business

4.8 • 9.4K Ratings

🗓️ 13 September 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark Cuban has gone from selling garbage bags door-to-door to selling internet companies for billions, acquiring an NBA team, and becoming a beloved “Shark” on Shark Tank. Mark reveals to Adam how he turns problems into opportunities in entrepreneurship, basketball, and investing. They discuss his latest venture–disrupting the healthcare industry with an online pharmacy and a price-slashing philosophy that makes hundreds of drugs affordable–and why following your passion is not the best way to maintain your motivation.
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Transcript

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0:00.0	Thanks to Hilton for sponsoring this episode.
0:03.2	Hey everyone, it's Adam Graham.
0:08.1	Welcome back to Rethinking, my podcast on the science of what makes us tick.
0:13.3	I'm an organizational psychologist, and I'm taking you inside the minds of fascinating
0:17.6	people to explore how they think and what we should all rethink.
0:23.9	I guess today is Mark Cuban, the outspoken serial entrepreneur, Shark Tank investor, and
0:29.4	owner of the NBA's Dallas Mavericks.
0:32.2	Mark's latest venture, Cost Plus Drugs, has made hundreds of prescriptions more affordable.
0:38.1	We have a rollicking conversation about what it takes to disrupt an industry and when to
0:42.8	bet on a person and an idea.
0:45.6	We also discuss some basketball rules that I think are long overdue for change and why
0:49.8	it's terrible advice to follow your passion.
0:57.7	It's a Mark Cuban.
0:59.1	I think it was six years ago that you came to visit us at Wharton.
1:03.6	I don't know if you remember this, but you did something I have never seen a speaker
1:06.9	do before or since, which is you went to the campus bar and you hung out with students.
1:12.2	I think it was past midnight.
1:14.6	I thought that was an incredible mark of character, but tell me why did you do it?
1:20.2	I wanted a beer.
1:24.0	Why not hang out?
1:26.0	One of the things I remember asking was whether or not they were on Facebook and I expected
1:30.0	them to say no.
	...

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