John Skipper

I know.

And I always lived within my expense budget.

But I decided that the extra $3 billion for this is worth more than something else I was going to spend $3 billion on.

That's just family budgeting.

That is, we cannot afford to buy a $20,000 car.

End of subject.

No false precision.

They can be very, very...

very precise on your EBITDA and your expenses and your revenue, but you can decide that something, deciding that something is worth exactly a thing, you can decide what you can afford to pay.

Deciding what it's worth is an abstract, it's abstract things like buying a house.

You walk away from a house, not because it's not worth the $500,000 you don't want to pay, it's because you can't afford to buy it.

Well, you're misunderstanding.

My argument is overwhelmingly abstract and hypothetical.

And that is...

You also have to have a sort of instinctual feel for the binary of if I buy it, what happens?

And if I don't buy it, what happens?

And some things are existential.

You need to have it.

This is a moment for Netflix to say, we're winning.

Some other people are winning too, but we're winning.