@modestproposal1 Imagine he thinks over the next 2-3 years there will be a lot of M&A in the space and consolidation / teaming up across sub-scale streaming providers. Streaming isn't a good business, $NFLX barely is FCF positive, others all lose money. At some point something *has* to change.

Generalist here on this one - thoughts on $QRTEA or purchasing any of their debt?

News of $NFLX cutting prices in 30 markets in LATAM and APAC. This is from my slide deck last month (Jan 2023) on $NFLX

CEO of $OXY at a Value Investing Conference? I understand getting the $BRK / WB 'stamp of approval' creates this aura around managers of companies they buy / invest in, but this irks me just a little. Maybe it's just me...

$NTDOY

Munger calling $BRK's investment in $ATVI "Jewish Treasuries" - in other words, suggesting easy money for them, similar to what Buffett used to do with his Buffett Partnership regarding how he would use leverage

"What the hell do I know about semiconductors, though" - Munger (likely paraphrased, watching it live)

This Charlie Munger interview is gold....however, his discussion on $BABA is a bit underwhelming, same for $TSM. But his discussion on crypto is hilarious #cryptoshit

$SPGI - slide deck out this week. Any questions about the business you'd like to know?

$SPGI - Active vs. Passive - share of US Long-term fund total assets (source: Morningstar)

$GOOG

Clearly not all gyms are the same, but having been members of numerous gyms + family grew up in the "gym business", cancelling a membership is purposefully difficult to do. It's part of most gyms business models. $PLNT

Congrats on now being involved in the Peltz / $DIS fight with $DIS's DFAN14A filing this morning (lol.)

It's believed that its the *content* that drives subscriptions, thus the exorbitant spending on content across media. 2022 should be a *huge* year for $NFLX - Stranger Things, Ozark, Dahmer, Wednesday, Troll, Glass Onion, Cobra Kai, etc. - will these outweigh industry headwinds?

Q4/22 results from $NFLX (out 1/19/23) will be interesting. Had 3rd most popular TV show (Wednesday), most popular foreign language movie (Troll) and 3rd most popular movie ever (Glass Onion). These = >80% of most watched streaming titles in Q4/22 (Nielsen)...

Moffett on "streaming wars" phases: 1. $NFLX Hulu $AMZN offered deep libraries at huge discounts to cable TV pricing 2. Traditional media ( $DIS $CMCSA $PARA $WBD) spent vase sums of $ to sign up customers at below-market rates 3. "password sharing initiative" (we are here)

From 2016 - Ted Weschler on BRK investment in $AAPL

Was bound to happen, they talked about having room on pricing. Was the only service in last 1-2 years to *not* raise their pricing $WBD

Next deck (please vote)

$NFLX slide - consolidation in Media Landscape

$NFLX slide - global subscriber map

$NFLX slide - Will they eventually reverse the course on binge-dropping entire series all at once?

$NFLX slide - "The Streaming Wars" in the U.S.

$NFLX slide - Valuation of NFLX vs. "comps" $DIS $CMCSA $AMZN $GOOG $META $AAPL