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”
Even though tigers are stronger than rabbits , they are concerned about extinction worldwide , while rabbits do not share that worry. A crucial requirement for human survival is social interaction . Isolating oneself from society poses a serious threat to survival. Thus, all individuals who have disconnected from society are vulnerable. Based on this premise, there is no superior gene in humans ; only the expression of genes that are suitable for specific situations is acknowledged. Therefore, the essence of human society is cooperation . In this world, we can only survive by helping one another. - Joseph’s “just my thoughts”