Fragment – Disney

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The objective has shifted substantially. At this point, I continue to work towards building the company not for myself, but for the legacy that my kids have the ability to be able to take over at some future time. I am reminded of the fact that when Disney built Disneyworld in Orlando, they were at $150 million of sales. They built their entire fortune on $150 million. They took out a $400 million debt to build Disneyworld in Orlando, on $150 million worth of sales. Not bad! What does that anticipate for us?

 

Original writing date: June 6, 2005