What Billionaires Know About Investing

Published on May 11, 2026

The story I want to discuss today involves two companies we do not own and never have owned. Though they are household names, and this transaction is one of the most significant acquisitions in business history, the Disney purchase of the lion’s share of entertainment assets owned by Rupert Murdoch’s Fox in 2019 is not necessarily known or understood by most casual observers (sidebar: thank you to those who appreciated the “lion’s share” reference in talking about 20th Century Fox).

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