Taking stock of 2019: idea performance and thesis updates

Its close enough to year end to check in on how the ideas I've presented during the year have performed, and to update where we stand on the various theses presented. The below table summarizes the overall performance of each idea since publishing, along with benchmark performance, and alpha (outperformance vs the benchmark). Note, this … Continue reading Taking stock of 2019: idea performance and thesis updates

The never-ending story: Netflix and the ever-escalating cost of content

Regular readers will recall I have been following Netflix (NFLX) for many years (I wrote up some initial thoughts on this blog a few years ago), but as the service has grown from 'challenger' to 'near-ubiquitous', I find myself returning more often to the company, its growth philosophy, and the underlying existential question for any … Continue reading The never-ending story: Netflix and the ever-escalating cost of content