Today, I want to examine a few stories that, right now, appear to be defeats and tell you how we look at these defeats beyond the failing grades we deserve — without extra credit that could save us, because this isn't high school. We remonstrate, but we act and stubbornly refuse to accept defeat in the long term. Start with some of the challenges DIS YTD mountain Disney YTD performance We got started too early with Walt Disney (DIS) and we got too close to the company. We were led to believe by the highest of sources that former CEO…