Ben and James discuss the Theory of the Conservation of Attractive Profits, Intel, Netflix, and how it all applies to Disney. Presented by MailChimp Links Ben Thompson: Disney\u2019s Choice \u2014 Stratechery Ben Thompson: Disney Follow-up \u2014 Stratechery Daily Update Ben Thompson: Aggregation Theory \u2014\xa0Stratechery Ben Thompson: Netflix and the Conservation of Attractive Profits \u2014 Stratechery Ben Thompson: The Truth about Windows Versus the Mac \u2014 Stratechery Ben Thompson: ESPN: From Franchise to Business \u2014 Stratechery Daily Update Warren Buffett: 1991 Letter to Shareholders \u2014 Berkshire Hathaway Ben Thompson: Netflix Goes Global \u2014 Stratechery Daily Update Ben Thompson: Correction the Netflix \u2026 Continue reading Episode 122 \u2014 From Intel to Disney