You can be on Entrepreneur’s cover!

Mark Cuban Says This Is the One Skill That Makes Barbara Corcoran an Ace at Business: 'Getting That Input Makes Me Smarter' The billionaire also talked about what sets him apart from the other "Sharks."

By Emily Rella

Key Takeaways

  • Cuban discussed the power of listening and being silent when it comes to making business decisions.
entrepreneur daily

In business, speaking up and speaking your mind can seem like the most important thing when it comes to advocating for yourself and your product.

But billionaire investor and "Shark Tank" star Mark Cuban is inclined to preach the opposite — sometimes being silent can be your biggest advantage.

In an open forum discussion on Fireside with author and former FBI hostage negotiator Chris Voss, Cuban answered a question about the power of being silent and how that can help when it comes to making business decisions.

Related: Mark Cuban Slams Elon Musk Over 'Free Speech' On Twitter

"Silence has a lot of power, it gives you a chance to learn," Cuban said. "There'll be times when someone walks in on 'Shark Tank', and I'm thinking to myself, there's no way I'm interested. Or, if I am, I don't have quite all the data that I need to make a decision. So [I'll] just be quiet and listen."

Alex Rodriguez, Barbara Corcoran and Mark Cuban sit during Season 8 of "Shark Tank" (Getty Images)

Longtime viewers of the show will know that Cuban often talks last after listening to what the other Sharks have to say and the questions they ask — especially regarding the capital needed to make a deal.

Cuban then joked that co-star Barbara Corcoran isn't good with numbers but has exceptional interpersonal skills.

Related: 'All Hell Is Going to Break Loose': Barbara Corcoran Issues Warning About Real Estate Market, Interest Rates

"She is so good at sizing up people and understanding who they are," Cuban gushed. "I want to hear what she has to say, you know, I want to get a sense of what her perspective is. And so just getting that input makes me smarter … silence is golden, silence is powerful … Most people don't realize that."

Though Cuban may champion using silence when negotiating deals, he certainly hasn't backed down when it comes to his feud with fellow billionaire Elon Musk. The two have long battled on social media.

Cuban has been slamming Musk's Twitter changes in recent months, including his removal of the legacy blue checkmark verification system and accusations that the new algorithm system favors Musk's account to have more influence than others on the platform.

As of Thursday afternoon, Cuban's net worth was an estimated $6.67 billion.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

This Dad Started a Side Hustle to Save for His Daughter's College Fund — Then It Earned $1 Million and Caught Apple's Attention

In 2015, Greg Kerr, now owner of Alchemy Merch, was working as musician when he noticed a lucrative opportunity.

Business News

I Designed My Dream Home For Free With an AI Architect — Here's How It Works

The AI architect, Vitruvius, created three designs in minutes, complete with floor plans and pictures of the inside and outside of the house.

Business News

Adobe's Firefly Image Generator Was Partially Trained on AI Images From Midjourney, Other Rivals

Adobe gave bonus payments to people who contributed to the Adobe Stock database to train its AI, even those who submitted AI-generated images.


6 Things That Will Tell You If You Are Destined for Leadership

These qualities are inherent in natural-born leaders.

Business News

Disney World, Disneyland Will Now 'Permanently' Ban Guests Who Tell This Lie to Skip Lines

The company rolled out changes to its Disability Access Services earlier this week.

Growing a Business

5 Ways to Maximize Your Returns at Live Conferences

Industry conferences can make or break your business, but careful planning is required to guarantee a return on your investment.