Mario Cibelli - Cornerstone Investing Insights - [Invest Like the Best, EP.205]

<p>My guest today is Mario Cibelli. Mario is the managing partner of Marathon Partners Equity Management, a long-biased, concentrated investment firm that he's run for over 20 years. In our conversation, we discuss how his firm figured out Blockbuster's DVD volume and told Reed Hastings and Netflix about their numbers, why visiting a company's distribution center can be an edge for investors, Mario's interesting foray into the world of tequila, and how a few "cornerstone" investing insights have led to many of Marathon's long positions. I hope you enjoy my conversation with Mario.</p> <p><strong> </strong></p> <p><strong>This episode of Invest like the Best is brought to you by</strong> <a href= "https://www.tegus.co/patrick"><strong>Tegus</strong></a><strong>. Tegus has built the most extensive primary information platform available for investors.<br /> <br /> With Tegus, you can learn everything you’d want to know about a company in an on-demand digital platform. Investors share their expert calls, allowing others to instantly access more than 10,000 calls on Square, Snowflake, or almost any company of interest. All you have to do is log in.<br /> <br /> Visit</strong> <a href= "https://www.tegus.co/patrick"><strong>https://www.tegus.co/patrick</strong></a> <strong>to learn more.</strong></p> <p> </p> <p>For more episodes go to <a href= "http://investorfieldguide.com/podcast">InvestorFieldGuide.com/podcast</a>.</p> <p>Sign up for the book club and new email newsletter called “Inside the Episode” at <a href= "http://investorfieldguide.com/bookclub">InvestorFieldGuide.com/bookclub</a>.</p> <p>Follow Patrick on Twitter at <a href= "http://twitter.com/patrick_oshag">@patrick_oshag</a></p> <p><strong> </strong></p> <p><strong>Show Notes</strong></p> <p>(2:34) – (First question) – Doing a deep dive into the early days of Netflix</p> <p>             (2:43) – <a href= "https://www.amazon.com/Netflixed-Epic-Battle-Americas-Eyeballs/dp/1591846595"> Netflixed: The Epic Battle for America's Eyeballs</a></p> <p>(6:50) – Wha