Episode
Mark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
44:19
Published: Sun Sep 18 2022
Description
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. For the full text transcript, visit go.ted.com/RWAG1
Chapters
Organizational psychologist Adam Grant talks about revisiting our opinions and assumptions with various guests, from business leaders to athletes, on his podcast.
00:00 - 02:49 (02:49)
Summary
Organizational psychologist Adam Grant talks about revisiting our opinions and assumptions with various guests, from business leaders to athletes, on his podcast. He also shares some of his insights and discusses topics such as basketball rules and following your passion.
EpisodeMark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
PodcastTED Talks Daily
The importance of radical transparency in drug pricing is discussed in this podcast, particularly the need to price medications at cost plus and demonstrate transparency to consumers regarding pricing.
02:50 - 06:39 (03:49)
Summary
The importance of radical transparency in drug pricing is discussed in this podcast, particularly the need to price medications at cost plus and demonstrate transparency to consumers regarding pricing.
EpisodeMark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
PodcastTED Talks Daily
The speaker talks about their interest in funding multiple studies and creating alternatives to the Affordable Care Act, as they were always curious about healthcare and understood the necessity of hitting certain thresholds to overcome costs.
06:39 - 10:05 (03:26)
Summary
The speaker talks about their interest in funding multiple studies and creating alternatives to the Affordable Care Act, as they were always curious about healthcare and understood the necessity of hitting certain thresholds to overcome costs.
EpisodeMark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
PodcastTED Talks Daily
In this podcast episode, the issue of trust in the pharma industry is discussed, particularly for mail order pharmacies who have a lower error rate than traditional pharma but are unable to advertise due to regulations.
10:06 - 15:10 (05:04)
Summary
In this podcast episode, the issue of trust in the pharma industry is discussed, particularly for mail order pharmacies who have a lower error rate than traditional pharma but are unable to advertise due to regulations. The role of social proof, such as doctor recommendations and online support groups, is also highlighted as important factors in establishing trust with consumers.
EpisodeMark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
PodcastTED Talks Daily
The pharmaceutical industry could be disrupted by a pricing model that indicates exactly what the costs are and manages to a margin as opposed to managing to the market.
15:10 - 23:38 (08:28)
Summary
The pharmaceutical industry could be disrupted by a pricing model that indicates exactly what the costs are and manages to a margin as opposed to managing to the market.
EpisodeMark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
PodcastTED Talks Daily
The revenue model in the healthcare industry is complicated, where providers and payers may benefit from higher revenues, leading to a non-virtuous circle.
23:38 - 29:59 (06:20)
Summary
The revenue model in the healthcare industry is complicated, where providers and payers may benefit from higher revenues, leading to a non-virtuous circle. However, the manufacturers of drugs are not the culprits for the rising healthcare costs, but rather the pharmacy benefit managers and payers that own them.
EpisodeMark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
PodcastTED Talks Daily
Mark Cuban shares his thoughts on how diversity and inclusion in the workplace should be good business, why toxic social media should be avoided and the negative impact it has on the performance of athletes during games.
30:02 - 37:37 (07:35)
Summary
Mark Cuban shares his thoughts on how diversity and inclusion in the workplace should be good business, why toxic social media should be avoided and the negative impact it has on the performance of athletes during games. He also discusses his new business venture, where talented individuals who are unable to find a job can team up and work as a group, making these individuals more attractive to potential employers.
EpisodeMark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
PodcastTED Talks Daily
Hack-a-Shaq is leading to a boring end of games filled with fouls and free throws instead of teams adapting and executing their game plan for victory.
37:37 - 41:00 (03:22)
Summary
Hack-a-Shaq is leading to a boring end of games filled with fouls and free throws instead of teams adapting and executing their game plan for victory.
EpisodeMark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
PodcastTED Talks Daily
In this podcast, the speaker talks about the importance of gross margin dollars and cash flow to pay bills in a business plan, and how some investors might not understand this concept.
41:00 - 43:36 (02:36)
Summary
In this podcast, the speaker talks about the importance of gross margin dollars and cash flow to pay bills in a business plan, and how some investors might not understand this concept. The speaker also praises investors who want to invest in good ideas and give entrepreneurs a chance.
EpisodeMark Cuban doesn't believe in following your passions | ReThinking with Adam Grant
PodcastTED Talks Daily
In this episode of Rethinking, Adam Grant speaks with Mark Suster about networking and building professional relationships as an entrepreneur.
43:36 - 44:15 (00:39)
Summary
In this episode of Rethinking, Adam Grant speaks with Mark Suster about networking and building professional relationships as an entrepreneur.