I really enjoy reading your stuff. Just discovered you recently. How do you view Nintendo's valuation today?

Have you read Range by David Epstein? Chapter 9 discusses Nintendo's culture. Interesting read.

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Thanks! I believe Nintendo will earn 3600 yen in fiscal year 2021 ending March 31. So, it trades at 18 times earnings and just 13 times excluding cash and investments. I haven’t read Range, but have heard about it. What did you learn from chapter 9?

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