Netflix Shouldn't Be Surprise, Says Ritholtz

The video discusses the relevance of stock opinions, particularly in the context of Netflix's significant market drop and subsequent downgrades. It highlights the importance of understanding intangibles in technology valuation, referencing Michael Mobisson's work. The discussion shifts to broader market trends, emphasizing the economic recovery post-pandemic and the role of consumer spending. Finally, it addresses changes in the analyst community, noting a talent migration to the buy side and the impact on Wall Street's analytical landscape.

Discuss the impact of consumer behavior changes post-pandemic on companies like Netflix.

What does the speaker mean by 'survivorship bias' in the context of the analyst community?