Cramer's 'Mad Money' Recap: Hoosier Daddy

IU Q&A

During a question-and-answer session, a student asked Cramer how he went from being a "small-time reporter" who used to cover murders to becoming a TV host and fund manager. Cramer said "luck was key."

He said he knows he has a "particular skill" dealing with the stock market, but that it doesn't go much beyond that. "I'm very lucky," Cramer answered. "I'm in a lot of right places at the right time."

Cuban said that when he graduated college in 1981 he had no idea what he was going to be when he grew up, if he ever grew up. But he was fortunate enough to go around and discover what he had a talent for and loved doing.

"You don't have to have all the answers when you graduate," Cuban said. "Don't be afraid to take chances, because now you have nothing to lose." Find out what you have the talent for and love to do and then work like anything to succeed, he said.

A student asked Cuban about his comments last year that it wasn't a good idea to buy YouTube [which Google eventually did] and asked him if he still believed that.

"It was never a question about whether YouTube was popular or not," Cuban said. "It's really easy for anyone here to create a really popular site if you steal all the content you can steal."