Reed Hastings - Building Netflix - [Invest Like the Best, EP.453]

And welcome everyone. I'm Patrick O'Shaughnessy and this is Invest Like the Best. This show is an open ended exploration of markets, ideas, stories, and strategies that will help you better invest both your time and your money. If you enjoy these conversations and want to go deeper. Check out Colossus, our quarterly publication with in-depth profiles of the people shaping business and investing. You can find Colossus along with all of our podcasts at Colossus.com. Patrick O'Shaughnessy is the CEO of Passitive Sum.

All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more, Visit PSUM dot VC Um The most interesting thing about studying Netflix and talking to Reed is that it is as a business probably the single most relatable example since we all watch Netflix. of two really simple ideas that everyone talks about but are very hard to do in practice. The first

Is this notion of finding a simple idea and taking it extraordinarily seriously. Netflix has effectively been scaling up. its core original model since its inception. Reed talks in our conversation about how even the DVDs were nothing but a stepstone towards the streaming future that they envisioned at the very outset of the company's founding in nineteen ninety seven. And simply letting that idea play out over decades without getting distracted. And how powerful that can be. And the second is this notion of talent density. This is a term that now gets thrown around every major company.

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