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Netflix CEO responds to Whitney Tilson's Short Thesis


ExpectedValue
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Haha great letter. Obviously the company is worth 5x revenue, the only reason insiders are selling is because they're such good people and they're donating all that money to charity  :P

 

I don't think insider buying/selling is that great of an indicator on the fundamentals behind the business and the people running it. I saw during the crisis buyback programs executed at companies like LEH and it was pretty meaningless.

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I remember Martin Sullivan saying Aig had little CDS exposure.  I remember Jerry Ying Yang saying yahoo was worth much more than 30.

 

Trust no one.

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I remember Martin Sullivan saying Aig had little CDS exposure.  I remember Jerry Ying Yang saying yahoo was worth much more than 30.

 

Trust no one.

 

Trust no one indeed, especially renowned investors talking their books ;)

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