Steady Compounding

The streaming giant reported a loss of 200,000 customers in Q1 and forecast -2m net adds for Q2.

How did Netflix defeat Blockbuster, grow to over 200M subscribers, and will they survive increasing competition?

Good businesses have the following characteristics: High return on invested capital (ROIC), long growth runway, with a wide moat.

Terry Smith is often referred to as the "English Warren Buffett."

How the legend grew a $20 million fund to $14 billion

Amazon's Research Report (Paywalled)