MI Rewind: Valuing Netflix Stock w/ Tony Coniaris

<p>Clay Finck chats with Tony Coniaris about the investment process and philosophies at Oakmark, Netflix as a value investment, Netflix stock valuation, and much more!</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN: </strong></p><p>00:00 - Intro</p><p>01:50 - Oakmark’s criteria for a quality value investment.</p><p>07:44 - What it means to have a bottoms up investment approach rather than a top down approach.</p><p>11:39 - Why Netflix qualifies as a value investment for Oakmark.</p><p>15:30 - Tony’s thoughts on the volatility of the stock’s price action.</p><p>18:13 - How Tony thinks about valuing Netflix.</p><p>30:20 - Tony’s thoughts on a recent addition to Oakmark’s holdings - Willis Towers Watson.</p><p>And much, much more!</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out the <a href="https://oakmark.com/" rel="noopener noreferrer" target="_blank"><strong>Oakmark Funds</strong></a>.</li><li>See Oakmark’s <a href="https://oakmark.com/news-insights/commentary/" rel="noopener noreferrer" target="_blank"><strong>Commentary</strong></a>.</li><li>Related episode: Listen to <a href="https://link.chtbl.com/MI138" rel="noopener noreferrer" target="_blank"><strong>MI138: Fiserv Deep Dive w/ Bill Nygren &amp; Mike Nicolas</strong></a>, or watch the <a href="https://www.theinvestorspodcast.com/millennial-investing/fiserv-deep-dive/" rel="noopener noreferrer" target="_blank"><strong>video</strong></a>.</li><li>Related episode: Listen to <a href="https://link.chtbl.com/WSB430" rel="noopener noreferrer" target="_blank"><strong>TIP430: From Facebook to Meta and Beyond w/ Bill Nygren</strong></a>, or watch the <a href="https://www.theinvestorspodcast.com/episodes/from-facebook-to-meta-and-beyond-w-bill-nygren/" rel="noopener noreferrer" target="_blank"><strong>video</strong></a>.</li><li>Get a <a href="https://www.amazon.com/Audible-Free-Trial-Digital-Membership/dp/B00