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February 25, 2012 09:52 pm GMT

Ten Lessons I Learned from Shark Tank

STCubanI just gave up all parenting responsibilities this weekend to Mark Cuban. Meaning, my kids and I watched eight straight episodes of "Shark Tank".For the past two years, people have been begging me to watch Shark Tank. One friend of mine, who has co-invested with me on two deals, has given me two pieces of advice in life. One is: you never know what someone is worth until they declare bankruptcy. The point is, we all speculate that someone is worth $100 million or a billion or whatever, and the next day you read in the newspaper that they declare bankruptcy. Now you know.The second thing my friend and co-investor was always telling me was that James, you need to watch Shark Tank. Now, after watching every episode, I can say I agree with him.

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