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What were we thinking


What were we thinking

Letter # 84

Lose a few customers that used to pay a few dollars a month, and your company has suddenly lost USD200 billion in market cap (down 70%). By now, you must have read all there is to read about the Netflix saga, but today, I give the math around this seemingly crazy move. Change only a few assumptions, and it all starts making sense.

Stranger still, is what we find when we run a similar exercise on a few Indian companies (in sectors one wouldn’t have normally considered checking). Read here:


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