MI153: Valuing Netflix Stock w/ Tony Coniaris
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 24 March 2022
⏱️ 44 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.8 | And the way we're thinking about Netflix is, I think we all can agree that the media business is moving video, especially moving towards streaming, right, from linear television. |
| 0:12.0 | Netflix has a huge lead and it's transitioning from a more local media business globally to much more of a global scale business. |
| 0:25.3 | On today's episode, I'm joined by Tony Conieris. |
| 0:29.1 | Tony is a portfolio manager at Oakmark Funds, which manages over $64 billion. |
| 0:35.2 | During the episode, Tony and I chat about Oak Mark's criteria for quality value |
| 0:39.9 | investment, what it means to have a bottoms up investment approach, why Netflix qualifies as a value |
| 0:46.3 | investment, Tony's thoughts on the recent volatility of Netflix's stock, how Tony thinks about |
| 0:52.7 | the value of Netflix, a recent addition to Oakmark's |
| 0:56.3 | Holdings, Willis Towers Watson, and much more. As always, the portfolio managers from |
| 1:01.8 | Oakmark and Harris Associates bring their A-game, and Tony is definitely no exception to that. |
| 1:08.0 | They break down the complex world of investing into a very simple framework, which |
| 1:12.5 | helps keep me grounded as an investor. With that, I hope you enjoy today's episode with Tony |
| 1:18.2 | Conierrez. You're listening to Millennial Investing by the Investors Podcast Network, |
| 1:24.5 | where your hosts, Robert Leonard and Clay Fink, interview successful entrepreneurs, |
| 1:29.2 | business leaders, and investors to help educate and inspire the millennial generation. |
| 1:40.5 | Welcome to the Millennial Investing Podcast. I'm your host, Clay Fink, and today I'm joined by |
| 1:45.8 | Tony Conierrez. Tony, welcome to the show. Hi, Clay. Thanks for having me. It's a pleasure |
| 1:51.2 | having you on. We had your colleagues Bill Nygren and Mike Nicholas on the podcast recently. |
| 1:56.9 | That was episode 138 for those that are interested in checking that out. For those who missed that |
| 2:02.1 | episode, could you talk to our audience about the investment process and philosophies at Oakmark? |
| 2:08.9 | Happy to do that. So really, there's not philosophies. There's one philosophy at Harris that we use |
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