MI Rewind: Valuing Netflix Stock w/ Tony Coniaris
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Netflix's Value Growth Overcame Expectations
We're very much fans of Buffett who has evolved to be an investor that buys a great business and holds it for a very long time. One thing to keep in mind that's driving this difference is Warren has permanent capital. We don't. And he just has a different permanent capital approach to those businesses than we do. Your incentives versus Warren's are different. Are you continually evaluating a sell target for Netflix? For example, we saw the stock really run up post COVID through the end of 2021 yet the market realized that the accelerated growth wasn't going to persist. The value growth in Netflix has exceeded what our expectations were when we first made the investment. Same for Google, MasterCard
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