Veteran entrepreneur Mark Cuban has some advice for Monday's selloff: "If you don't know what you're doing, or you think you do but you can't afford to lose your stake holdings, do nothing." (Tweet This)
Cuban, famed for founding several successful dot-com era ventures, knows his way around a correction market. He took to an ephemeral messaging app to share some advice with his followers in a "short and dirty guide."
After the Dow Jones industrial average plunged over 1,000 points Monday morning, Cuban said his strategy is to stay long, not sell off.
"There are so many smart people with so much money chasing so few opportunities, that there are no hidden opportunities any more," he wrote on Cyber Dust, an app similar to Snapchat that Cuban funds and advises.
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