Why I Sold My Shares of Disney
I used to be a big fan of Disney stock. I thought because they had a tremendous moat and little-to-no competition that they would be a market outperformer. The “monopoly on happiness” as people like to say. But when the facts change you have to allow your opinions to change with it, and the pandemic has changed a lot about Disney’s business. In this post, I’ll go through Disney’s four business segments (Media, Parks and Products, Studio, and Direct-To-Consumer) and analyze ho
What Will be Different Post-Coronavirus?
If you’re like me, you’ve been constantly reading up on the spread of COVID-19. Are a million people going to die? Is the hospital system going to collapse? Are we self-inducing an economic disaster? As we come up with different scenarios and do back-of-the-napkin math on virality and growth rates, the only thing that is certain is uncertainty. Nobody, not even the experts with all the real-time knowledge, knows exactly what will happen next (if you think you know, you’re lyi