Walt Disney Company: A Lesson On Overvaluation

Walt Disney Company: FAST Graphs Analyze Out Loud Video

Video length 00:08:14

Summary and Conclusions

I am a fervent believer that true value investing is all about running the numbers out to their logical conclusion. The discipline and process of doing that is the best antidote I know of to protect you from falling in love with an investment. I say this even when the core business is worthy of being loved – as I believe Disney is. On the other hand, I have also learned through experience (the hard way) how dangerous overvaluation can be. It is not that it just causes you to either lose money or generate very poor returns. That is bad enough. What I hate most about investing in an overvalued stock is it causes you to lose precious time. Money can be made back with shrewd investments. Time on the other hand cannot.

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Disclosure: No position.

Disclaimer: The opinions in this article are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks ...

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Comments

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Craig Newman 2 months ago Member's comment

I respect your work but in this case it sounds like you want to have your cake and eat it too!