Yesterday I read with surprise the announcement that Walt Disney was writing off over $100 million because of United Airlines' bankruptcy. One may ask: Why in the world would Disney be affected by UAL? Well, apparently in 1992 they decided to buy 11 airplanes and lease them to various airlines, including United. I think this illustrates one of the reasons people are sick of the stock market. Aside from corporate corruption, you now have companies involved in businesses they obviously have no expertise in. What would possibly be Disney's reason for "investing" in aircraft leases? Was the extra return on capital worth the extra risk? Evidently not. Maybe Disney should focus on its core products, which have been pretty mediocre these days (Treasure Planet, anyone?).