Buying Back Your Own Left Leg There has been much written about the spectacular sale of Pixar to Disney for $7.4 billion this week. The fact that Steve Jobs is now Disney’s largest individual shareholder is amazing news on many levels. Fred has a great posting on this today from the investor perspective. Another angle that I find interesting about this transaction is that it reminds me to some extent of Yahoo’s purchase of Overture a couple years back. Yahoo OWNED the search business. For years. Invented it. Synonymous with it. Then they let others lap them they became more of a diversified online media company, and voila! Others focused, innovated, and created a massive business in paid search. Yahoo…