Netflix

Discussed in 2 interviews, pitched by students once.

Student pitches

Winter 2007/2008 Short Netflix By Avram Drori Student pitch, p. 18 ↗
Shorted at $21.75 on the argument that cable, satellite and telecom companies would make Netflix's model obsolete.

Spring 2021 Sean Stannard-Stockton Ensemble Capital Interview, p. 26 ↗
Ensemble's three pillars (moat, management, forecastability), the Time Warner mistake, Mastercard as a case study, and a long walk through Home Depot.
Companies: Home Depot, Mastercard, Netflix, Time Warner, Live Nation Entertainment Moats Judging management Quality compounders
Fall 2020 Bill Nygren Harris Associates (Oakmark) Interview, p. 1 ↗, continues p. 3
Bill has run Oakmark Select since 1996. He explains why GAAP numbers can hide value, using Alphabet's search business and Netflix, and Ally Financial at two-thirds of tangible equity.
Companies: Alphabet, Netflix, Ally Financial Quality compounders Financials Career advice