Inside Perspective

Netflix has been one of the most loved internet companies to be created on the internet. It started small, just mailing back and forth DVDs to clients. Then, they went online. Dominating online space for media they realized the need for original content. Again, dominating original movies, documentaries, and television series. It’s run like a sports team. Whether you’re yesterday’s hire or one of the first employees, you’re out the minute you stop justifying your presence. Netflix employees all understand they are part of a team and at some point they may not be needed.


Most companies reward hard work. This is why people get paid overtime, and why full-time workers make more than part-time ones. But, if you think about it, hard work alone says nothing about how much value you create. You could be toiling day and night, and be mostly useless to your employer. To your employer’s bottom line, what really matters isn’t how much you put in, but what you deliver. There’s one company that takes this idea to its logical conclusion: Netflix. It’s run like a sports team. Whether you’re yesterday’s hire or one of the first employees, you’re out the minute you stop justifying your presence.

It wasn’t always like this. Right after the dot-com bubble burst, Netflix was like any other company. But, to survive, it had to cut non-essential staff. Patty McCord, who was in charge of hiring and firing, had to seriously reevaluate what each person was contributing. She laid off a third of the company, and what she found was that the company didn’t just do fine, but was performing better than before. That experience gave rise to a philosophy that became an influential PowerPoint presentation that over 16 million people have viewed.

Today on the show, hear how Patty McCord turned Netflix into a sports team, and just how far the company took that principle.

Update on Equifax Data Breach

September 8, 2017

by Seena Gressin
Attorney, Division of Consumer & Business Education, FTC

If you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies.Here are the facts, according to Equifax. The breach lasted from mid-May through July. The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. They also stole credit card numbers for about 209,000 people and dispute documents with personal identifying information for about 182,000 people. And they grabbed personal information of people in the UK and Canada too. There are steps to take to help protect your information from being misused. Visit Equifax’s website,

Click on the video learn more about the steps to take to secure your information.

Based On A True Story

Real Life Client Stories

Don’t Get Emotional About Stocks You Own

I’m pretty sure this comes up in just about every book about how to invest like the pros but still it bears repeating. For laughs I’ll quote the philosophy of Michael Scott from The Office and add my own bit at the end:


“My philosophy is basically this. And this is something that I live by. And always have. And always will. Don’t ever, for any reason, do anything, for any reason, ever, no matter what. No matter where. Or who you are with, or where you are going, or where you’ve been…ever. For any reason, whatsoever allow yourself get emotionally attached to a stock.”


You have money exposed to the risks of the stock market for a reason and that reason is not to make friends. It is, typically, to make more money. Many years ago we were working with an older man who personally knew the two men who founded Garmin. Had nothing but good things to say about them and their company. He bought a few thousand shares at their IPO for around $10 per share. A few years later Garmin was exploding with success and their stock had steadily risen over the years. Once it passed $95 a share I paused and reviewed where we had come in the past few years on this position. Started at $10 and now at $95 – a gain of about 850%. I had considered selling the Garmin stock earlier but they were growing so rapidly with new products to boot so we held. In a matter of 6 months the stock price went from $55 to $120. This unnatural growth mixed with competition taking business from Garmin made me uneasy about the near future. I specifically remember when it crossed $100 I called my clients that day. I was selling everyone who had Garmin and delivering the great news except for that one older man. He was emotionally tied now. He was so happy for the two founders and seeing their success that he kept saying “Look, they are good people and they have a great company. I don’t want to sell.” What could I do? So we held.


Well, Garmin stock crashed that next year to $17 at its lowest and since has only gotten as high $60 and it now sits in the mid 50’s. That man had turned tens of thousands into hundreds of thousands but then forgot the very important rule of don’t get emotionally tied to a stock. In the end, he was still up but gave up hundreds of thousands of dollars just because he liked the company and its people. While that is a good reason to invest in a company you must be as cold and calculated as possible. The money you have in the stock market is your hard earned money. Work with us to protect it the best we can!


Like we said, no question is a dumb question. Can you relate?