No investment in the Parks? Over a billion (estimates are as high as 3 billion) on the Magic Band technology. There was the several hundred million investment in WDW Fantasy land. The Billion plus investment on Avatar Land. Than the several billion combination of Toy Story Land and Star Wars Land. This is just in WDW, there were just as many if not more in
Disneyland/California Adventure. Now where you have a point is in many of these projects it seemed they cut some corners from the original plans. But to make a blanket statement that there were no investment in the Parks, that is not true. Of all the investments you mentioned, I find it interesting that you picked the Marvel acquistion. Disney has not only made back all their money but more than doubled their money back -- Same as Pixar. Only the Star War purchase has not quite lived up to the original out lay, but lets wait to see how the new programs on
Disney+ are received before making a final determination.