What we've been thinking about​

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Is there an unconventional path forward that Netflix has yet to explore? 

Netflix lost a bidding war for Warner Bros. Discovery. Paramount paid more. The question is whether more was the right variable.

 

Have we reached the end of the tech purge? 

Google, Amazon, Meta are not struggling. They are cutting anyway. That distinction matters more than the cuts themselves.

 

Is shadow banking the next fault line?

Massive lending is happening outside the traditional banking system. Limited transparency, limited liquidity. It looks stable. Most things do, until people try to leave.

 

Are we solving for exhaustion or explaining it away?

The turnover. The disengagement. The difficulty attracting people worth attracting. Compensation, flexibility, better onboarding. Whether those are answers or simply more comfortable questions is worth sitting with.

 

Did the Valeant collapse end a conversation we still needed to have?

The assumption that pharmaceutical value creation requires internal R&D survived the collapse — not because it was tested, but because the conversation ended before anyone had to defend it.

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*Have some thoughts?

Let's knock them around.

No pretense. Just exploring.