On today’s episode, Clay is joined by Arif Karim to discuss Netflix and Ferrari. Arif has studied both businesses for many years as a co-Portfolio Manager at Ensemble Capital and knows these companies as well as about anybody.

Arif has been in the investment industry for over 25 years, and is currently working on transitioning to his new venture in the industry.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:31 - What is Netflix’s moat, and what makes it a great business?

10:45 - How Arif managed the share price volatility of Netflix in recent years.

21:34 - The growth initiatives Netflix pursued in light of the slowdown in subscriber growth.

42:02 - Why Ferrari is a business with win-win relationships similar to Costco.

01:09:04 - How Arif thinks about Ferrari’s and Netflix’s valuation.

And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

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