How the Termination Fee and Low Valuation Create Asymmetric Upside for Netflix (NFLX)

White Brook Capital’s Q3 2026 investor letter expresses cautious optimism. Its Ethical All-Cap Strategy has outperformed, while the Small Cap Strategy has lagged because of execution delays, higher interest rates, and market pressure. You can download a copy of the letter here. The economy remains resilient, supported by AI infrastructure investment, consumer spending, healthcare research, transportation, and construction, but rising rates, energy and labor costs, fiscal deficits, trade...