Nintendo 是看空标的，因其缺乏独立于主机周期的可持续软件飞轮，严重依赖面向老龄化人群的重制作品，且未能通过更广泛的媒体策略最大化 IP 价值。

We Nintendo Let's talk about, Which is always mine Favorite On the list Because I Nintendo Love, and That day I Stomach ache Because it happened One day of work To take a leave from It happened.

So, A few hours I Turn on the switch Nintendo Some games I played because Stomach ache For some reason I am different.

So, we Nintendo I talked about, Then we Netflix and About Spotify I will talk about that. Oh, me. It must also be said That Nintendo About him Opinion is quite Controversial and Negative.

But I About Nintendo To talk Very excited, So I am mine. Host card Using About Nintendo I will talk about that. I bought the stock. I give it 10 out of 10,

Great. So, Nintendo, Look, I I said that You people Quite a bit Gave. My It seems like August. You Nintendo About one Negative Report Disclosure did, and Early this year Their big After the conference You are another Report Reveals Said, "I Their conference "I saw."

I know, negative. All of the ideologues It's true. "It's done." And I Nintendo Very positive To the investor Sugar, and their Many of you Very high Was angry.

Do it, Nintendo. A very Favorite Company. They finally Their media By planning a strategy Taking, super. Mario Galaxy 10 2 Excellent It worked. Nintendo, Sorry, Legend of Zelda Live Action is coming.

Next year At the beginning. My It seems that people Very much Optimistic. Nintendo theme Park and Other topics There is, then Why are you? Nintendo In the matter Negative?

Of course. Easy In words, I Nintendo In the matter Negative or average Positive Investors Much less than Optimistic, because In my opinion this is A very Cyclical stocks Which Hardware Upgrade On the wheel Dependency Out of Couldn't come.

And I am the people. Whatever I say, I My shorts About the position I feel proud. Year In the first half My six shorts Position I am in all six. I was successful. So, I am of public opinion.

To go against I'm not afraid. My Average short position Exactly 30 More than a percent decreased and Relative On the basis of More than. So, I don't know anyone. I'm not afraid to be teased.

However, Nintendo With me The problem is this. Any such stock Not what you buy. Leave it. And forget, Okay? My It seems like a lot. The investor himself Later, when The stock is 50.

Percentage decrease Went, then Everyone behaves like that. Wants to do They are absolutely Minimum Bought at a price And says, "Oh." Look, this. Lowest price A little bit from "Grown."

But, it's the past. Year Max Than the price Far below There is. And you Maybe to say Maybe, right? Yes, plenty of stock. Time limit It goes beyond. I understand that. But the original The idea was that One of them Dynamic There is a process.

Which is their console From the cycle To come out It will help. And mine The only one Observation, My Recent In writing, that is That The flywheel Not there.

If you do this Want to buy, but I think when When the price is low Buy, big one. Game releases Buy first. However You more Something real To give information, I Always with what I was worried.

That is for sale. Looking at It can be seen, How much is a bicycle? Even after they switch 1 Software On sale Expectations Better job than Did. And I If really I believe that I call it one.

For over a year I can keep it, Because again I am talking about Day. I am not a trader. I am 20% profit. If you get it Don't get excited. And then I I won't tell you. When to sell Must do.

More of them switches 2 Software To sell Needed because This is how you Viewers Next By bicycle Come. Reason In the end, Speed ​​of switch 1 It will decrease.

And So I have one. Article publication It happened, last During the week. This Nintendo Direct 99 From the event Came. This It was two days. An event And many more Investor Excitedly It fell because On the first day they New Zelda The game Presentation did, which Great, okay?

I think Work in the media I do mine. Biases Control I learned to do it. I think so. Those who take it The most Excited stars It's millennial. Or 40 years old People who are 20 Years ago old The game was played. .

Because the greater In context If you see, remake. The games Attraction is limited. Simply put If you go, this holiday I am with the season. Very worried. Because usually Console for sale The biggest time It is a holiday.

Season. And now We Nintendo Second Towards Christmas I am going, whose Any more in between Flagship No games.

Audience and Viewers Nintendo Ecosystem About a Short To give an idea. In my opinion, they Top row Character or The games are not Specific Without order. Mario Kart, Mario, this.

Bicycle Any Mario Game, Super Smash Brothers, Legend of Zelda and Pokemon. Right. Yes, I am. I am sure. Some others I forgot the word. Which is yours Readers, please tell me. Will let you know.

At launch, They are a In the bundle Many new ones Mario Kart gave a copy, which They never did before. Didn't. Great, Isn't that right? And this Their switch 2 Console On sale Helped Because if not I think so. Selling well It would be weak.

And Direct now In the event, The end of Christmas Until them The biggest The game is Legend of Zelda remake. Now, what are the bulls? It says that, This is not Not a problem because Until the end They are more Flagship Will create games.

But now We are 2027 Around 1990 Moving forward. And if you About 2027 He said, however To us First Quarterly or Pokemon in spring About coming I have an idea. To them Even some There is no date.

So, okay. , maybe you Until then Nintendo is holding Keep it, but I am forever. To wait I can't. You You know, in my mind Either I I believe that Switch 2 is a Effective Alternative, but last Until I do this Other More of the games Many things I would like to see.

Otherwise, they Only switch 1 Long lifespan Doing what makes me Not at all encouraged No.

Can I see you? To stop there Can I? Listen, This is really A great one Summary. And I In your notes I saw you. Four reasons Mentioned, To you There are many things. And my own The note also said, I am those four.

On the subject To discuss What I want From the bulls From always Listen. And you Actually that one The number matters. Highlighted, Isn't that right? I Always bulls. "Listen closely," Hey, next.

Such and such game Many remakes "Something big will happen." You know, this Beginning of the year Towards Starfox Remake Many responses Dropped. My I remember a few. Years ago Goldeneye About the remake They are very Was optimistic.

And this year it is Is it Ocarina of Time? Time remake. And I always I am confused. Because bulls On the one hand you Will say, "Look, This is next. Apple." Again. On the other hand they Will say, "This is new."

The launch is coming." But I think It has two sides. Quite from Interesting, so No? You are right. Says that "this Actually, the depth Lack of instructions "Does." I mean, If you are a Buy a switch, but That's basically Exclusive The games That's why I bought it.

You want that, If they Exclusive If you don't bring games, then That Hardware On sale Doesn't help, And you then PlayStation 5- Looking at it Said, "Oh, GTA. 6." This is really Very interesting.

But On the other hand, Look, you and Both of me. Media follow-up Do it. If Avengers : Endgame A remake comes, which In IMAX Digitally Improved, but maybe Some tickets Will be sold, But someone Don't worry.

But the story What part is this not? That, "Hey, this Ocarina of Time Time, this might be it. Grand Theft Auto Falling behind "There may be." This may be you. You know, this year At the end of the world Top five Games sold To be one Going. This A freaking Remake.

I think that- E. And that Because of the stock Its minimum From the stage A little above It has come up. Bulls To show Here is life. Yes and I do. I will refuse. No. But, Yours.

I know the Bulls. Those who think This is Apple. App Store Like one Complete Subscription As a service Will rise. And The margins Going...I mean, I am such a person.

Nintendo Strong Online play Not known for . They are not. They Multiplayer For games Not familiar, Online games Also known as No. It seemed that Nintendo Among the fans To gain a reputation Discount for gave, Where they are Customers Refund Instead of giving Their old There are many games. Selling cheap was doing,

Actually online Nintendo One of the Weakness. If that's what Bullra is Hopefully, But I think Some of them To worry Reasonable reason Nintendo Most Multiplayer The game is basically yours.

In the living room Friends to have To play with Made for.

Yes, if we Online Hoping for convenience If I stay, then Me Nintendo Direct Subscription You have to look at, which is in the same place Stuck. There is something there. Show progress, Only then will I be yours.

I will accept your words. Otherwise, Pokemon Until you come. You are just a cow. Milking Works like Going.

I Nintendo A huge Fan. Again I'm saying, I am very Zelda game I played. Mario Party, Children Play with me, my Mario Party The skill is quite good now. It's rusted.

But the teenager From an age I Endless Mario Party and Mario I played karts, But I These are quite Japanese genre I think so. Their So the company Sells Should have given —If this Shareholders For convenience It would have been run, but Many years ago Their Company Sells Should have given, Isn't that right?

For example, In 2020, 2021 Specifically, They are huge. Premium Could claim . I mean, people. will tell you that Comcast Always say that They are their Too much to buy Interested.

Their Online play, None of them No mobile games . This is a Very nice. Company, But I Worried that They are too much. Japanese style And this is so. A Japanese Company Legacy Which is a dream Goes for; Shareholders Yes, but this Never worth it Max To take the stage You can't. I This is everything. Worried about .

Theoretically , Media, IP, Movies and themes If the parks It would have been bigger, more In large numbers If I had, I would have. I could say, " Yes, yours. That's close. Great Licensing income There is, which is usually In P&L High margin Bring it."

But I In my writing I mentioned That to them There is not much.

This Fully connected In the Universe To be successful, To me From year two Three movies Just have to see Their Not as desired. My cable A few themes Park needed No. My A dozen Need. My Much more Need a TV show.

An ideal On earth, my It seems Nintendo too That's exactly what you do. Should. I think Let's do one of them. Arms deal Should be done. Look, right. That's it. You You know, In the long run, But they To do it alone Wants.

No, he's Mickey. Likes mice, And he likes it. No...Mario, Maybe that's why he A little small, But their On Netflix Everywhere Having a Mario show Should, or 7 From 10 years For the elderly Legend of Staying Zelda Should.

Or Disney Plus. This On Disney Plus There should be.

And this is what they are. It doesn't... Look, your And like me Millennials, We do it. Forever I will love you. But Next Generation, their If you neglect Suddenly they At the age of 22 will go and them This nostalgia There will be no more. Then everything It will break.

So, I really think so. They do that. A strategy Following Where they are Although it says that They Long-term And the highest Profit making Doing, in my mind Either they are 90's.

Fans of the decade Since The highest Taking. My It seems In the long term This is for them. It will be problematic.

Millennials This is Ocarina of Time. Time Remix Really about Very excited. I don't think so. 13 year olds Very much for this An excited, Do you know?

About Nintendo My last one There is a question, if No, you are different. Want to say something. Ah, just the end. Question, Pokemon . I think so. It really is. Interesting. They are Pokemon.

35% Owned. To them... I think it is. About 35%. Various Things Nesting doll As different as There is a theory, But you You know, it's like this. A field Where I am It seems that people Many About possibilities Said and it Such a Brand which Really Relevant I was able to stay.

So, I just I want to know... You Nintendo With Pokemon How do you see? Um, I think so. I am only yours. Agreeing with I want to go. Me too A lot I see the same thing. . I think so.

This is one of those. The brand whose 100 percent Ownership Their stay It should have been. If All 100 of them Percentage There would be ownership, However, shares The price would have increased a lot. And I am A lot about More Relaxed I would stay.

But, my They think Pokemon Go The right is such A gaming Company Sell to close did, which Probably some Saudi Conglomerate Owned. Pokemon Another one on the subject The matter is ours.

Keep in mind It should be, that is. Game sales Still pretty good. Yes, but A lot of Pokemon Part of the game Outside like that Which is used Nintendo Out of scope, Such as toys and Card.

I I would probably say that New generation Actually Collectible The cards More than Interested, and To be honest, I Never thought. Pokemon cards Still so much Popular and Collectible There will be. So, For them Good luck. I I didn't expect this.

Just Pokemon. I I would say, Nintendo. Big in this Partnership Despite Whole Not in ownership It's great to be there. Subject. What are you? Says that Brand Hard Location Signs, right?

Okay, them. Only Game Money through To earn It won't happen. Of Ecosystem Always big Happening.

And I I really think so. Towards Pokemon Looking Nintendo For this Very Valuable. I mean, Their Partnership Maybe too big Price, Even if not all of it Nintendo About 70 Billions of dollars The company, however This is a lot. Valuable.

But, Nintendo Complete Not in ownership To be Proves that Mario or Gelder Also in case They are right. This is how it goes forward. Should go. It's just a game. To earn from Not a topic.

I I understand that Mario Maybe trading. For cards Not suitable, But this Many more of the kind Licensing To have a system Should.

Pokemon It does and I I think they A little more Energetic, which Their Brand Manifestation of power Does. Yes, It's all about the game. Not through, But to me This is an ideal. Nintendo's appearance Highlight.

I agree. This is it. Ideal and me I hope they Their Other Brand Also in case Will you do that, sorry? Do it, more. You will do it. However At the moment, 2 For years Worth keeping There is no situation, Because it is very Restless.