Walt Disney gained worldwide fame with the animated film ‘Steamboat Willie,’ but Disney’s first studio went bankrupt. By the mid-1930s, he had produced over 400 animations, most of which suffered heavy losses. In 1938, Snow White and the Seven Dwarfs made $8 million in just the first half—more than ten times the earnings of other films. Meanwhile, with this animation, the company paid overdue wages to its employees and recovered the losses it had sustained. An unusual event that changes everything is called a “tail event.” 40% of publicly listed companies in the U.S. stock market lose nearly all their market capitalization 10 years after going public. Business and investing, after all, are based on probabilities. No one knows what the “tail event” will be. Therefore, to succeed, you need to try small, steady, many times with little impact, even if you fail. - Joseph’s “just my thoughts”
Text and images emerge from thoughts. Although the thought is ‘abstract,’ the text and images are ‘conceived.’ In transforming abstraction into conception, we genuinely realize reason and ultimately awaken knowledge. We cannot comprehend something if we merely see and hear. We don’t write because we know it; rather, we come to know through writing. Design doesn’t originate from good ideas but stems from validating thoughts through ample inspiration. Just as skillful typing doesn’t guarantee good writing, proficiently using drawing software doesn’t ensure good design. - Joseph’s “just my thoughts”