Successful investing is about patience and seeing the bigger trend. Netflix (NFLX) changed the way we consume media, and it became the first global network. After the closing bell on Tuesday, the company released gangbuster third-quarter financial results that sent the stock into the stratosphere. Just 90 days ago, many traders were writing the obituary for the Silicon Valley company. The lesson for investors is clear: Be patient. Netflix is a great American success story. The company began way back in 1997 as a mail-order DVD rental company. It is hard to believe that only 21 years ago, this was an exciting, innovative business model. Times have changed. But back then, Netflix was like a hurricane. Internal Sponsorship The company figured out how to remove friction from the Friday night trip to the video rental store. ...To read the rest of Jon Markman’s article, click here...
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