As a kid, Hamish Douglass's walls were adorned with compounding tables. He’s also a big fan of the latest Netflix sensation Squid Game and thinks the streaming giant might be one of the next to reach a market cap of US$1 trillion. These were some of the new things I learned about the CIO and co-founder of global fund manager Magellan Financial Group during his latest webinar. While Douglass reiterated some of the same points he’s discussed previously – including his unapologetic approach to conserving capital (responding to the criticism he copped for sticking with defensives throughout 2020) and his Alibaba mea culpa – there were useful gems.

You may have heard before about Douglass’s positive view on one of his portfolio’s newer holdings, Netflix – but I was surprised at the conviction of his outlook for the video streamer in a presentation last week.

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