Unlike traditional hedge funds that frequently rebalance their portfolios, Ackman chooses to place substantial bets on a small number of high-quality companies and hold them for the long term. This strategy itself serves as a powerful stabilizer and anchor of confidence. In his statement, he bluntly said that “Netflix has effectively won the streaming war” and expects revenue to achieve double-digit compound growth in the future, with content costs growing more slowly than revenue, driving continued margin expansion.

Brother Sun said:
In boxing, you look at the ring,
in entrepreneurship, you look at the product,
in investing, you look at long-term returns.
In any industry, results are what ultimately matter.
I think that makes a lot of sense, and it’s very true.
But I really can’t help asking—Brother Sun, where did you learn those bullet-dodging footwork skills? Did you train them during that business trip to space?
Every time the market starts looking tense, you always manage to dodge with pinpoint accuracy. Your footwork is even more agile than a boxing champion’s, and everyone is green with envy watchin