I bought my first Disney shares today after the earnings results. The stock now makes up 2% of my portfolio.

I stuck to the Peter Lynch adage of ‘Better to be certain and pay a little bit more.’

The business has been on my watchlist since 2019.

There’s no doubt Disney is going through a transition period and faces some on coming headwinds. My observation is that the market has more than baked these in.

I’m a big fan of Iger and new chairman Mark Parker. My biggest concern is they over do the cuts and hinder creativity at both parks and Disney+.