Kevin O'Leary reacts to a couple feuding over selling their $1.1 million home to fund an invention: 'There's no such thing as a sure bet' (via CNBCMakeIt)
On CNBC's new show "Money Court," O'Shares ETFs chairman Kevin O'Leary hears regular people's trickiest money problems and decides how they should settle them. His rulings are binding: All litigants on the show sign a contract agreeing to follow his advice.
To pay for this, Jared wants to sell the couple's $1.1 million cul-de-sac home. He says that the couple can't use the profits from their Hang-O-Matic sales because those were already used to purchase their home. The mistake Jared is making, he says, is taking the security his family has in their lives and attempting to gamble it in an effort to increase already-strong annual sales with a new product.
"There's no such thing as a sure bet," O'Leary says. "Until the first product sells off the shelf, you don't know. Because not every product works every time.""She wants to really solidify her life, and deserves it at this point," O'Leary says as he weighs his options. "And he's got a great product. How could I not respect that?"
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