When Warren Buffett bought Disney stock in 1966, its market cap was under $90 million despite $21 million in pretax earnings and more cash than debt — a classic Ben Graham bargain.
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Coming out of the war, Disney has no new IP pipeline, a fractured animation team, and real competitors for the first time. Warner Brothers has Bugs Bunny and Daffy Duck, designed in part by a former Disney story department employee. Hanna-Barbera's Tom and Jerry launches in 1940 for MGM. Disney tries shorts packages, the live-action Treasure Island filmed in London with blocked European cash, and nature documentaries like Seal Island. Walt studies the emerging TV medium but decides to wait. His heart is in animation, and he ultimately delivers an ultimatum to Roy: either fund Cinderella, or sell the company. Roy capitulates and raises $2 million. Made using live-action reference footage as a crutch (a technique Walt finds artistically compromised), Cinderella still earns $8 million in film rentals on a $2.2 million budget — Disney's biggest financial success since Snow White. It doesn't solve every problem but restores creative momentum. Alice in Wonderland follows and loses money, as Roy's 1951 annual report notes with diplomatic euphemism about 'generally poor attendance at theaters.'
In 1966, Warren Buffett bought Disney stock with a market cap under $90 million — while the company was doing $21 million in pretax earnings and had more cash than debt. Ben calls it both Ben Graham bargain investing and Charlie Munger investing. Today, 99.95% of Disney's value has been created since that purchase. Buffett eventually sold. He still regrets it.
Looking at Disney's market cap at Walt's death in 1966 versus today, 99.95% of the company's total value was created after Walt died, illustrating the vast runway of the business model he created.
Bhanu grew SiteGPT to $13,000 monthly recurring revenue entirely through organic channels, spending nothing on paid marketing.
More than 1 million people have visited SiteGPT's website since launch in March 2023, all through organic channels.
Approximately 90% of SiteGPT's Google search traffic comes from the free tools Bhanu built, not the main product pages.
Bhanu sold his first SaaS product, Feather, for $250,000 so he could focus fully on the faster-growing SiteGPT.
SiteGPT has generated approximately $500,000 in total revenue since its launch in March 2023.
The average customer lifetime value for SiteGPT is approximately $1,700 to $1,800, which Bhanu considers unusually high.
SiteGPT receives around 50,000 visitors per month, of which about 200 convert to leads and 60 start free trials.
SiteGPT hit $10,000 MRR within its very first month of launch, driven largely by early traction in the AI chatbot space.
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
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