Netflix's Resilience

Among the big scale players, it's just Netflix right now, which is pretty remarkable. And it has to do with that incredible army that they have put together. Reed Hastings made the decision to try to split the company up in two between a red envelope business and a streaming business 12 years ago. He got his head handed to him by investors recouped through that idea out of the window. I find it to be quite a resilient company, all things considered.