Netflix has been a darling of the investment world in recent years while “old-school” in the form of General Electric hasn’t covered itself in glory.
The graph below highlights just how poorly General Electric has performed relative to Netflix over the last 5 years:
In this annual “Outrageous Predictions”, Peter Garnry argues that the once all-powerful General Electric is foiled by the magnitude of its liabilities and the contagion ripples through the markets, bringing content king Netflix to its knees.