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Netflix, Inc. (NFLX) · page 1 of 1

This is a formal investor letter regarding a specific portfolio divestment.

Shareholder letter · executive_summary · summarize · dense density

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This is a formal investor letter regarding a specific portfolio divestment.
Slide schematic 5/6
callout 0/1 image 1/1 paragraph 4/4
1 without position callout 1
callout
Components 6
callout logo paragraph paragraph paragraph paragraph
Tools 1
Executive summary slide · 90%

Dear Pershing Square Investor: Today, we sold our investment in Netflix...
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Frameworks 1
investment-thesis-update 80%

The letter explicitly discusses acting on new information inconsistent with the original thesis.