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”
The small good works resemble the great evil, and the large good works resemble the insentience. The words that Confucius said to Jaro. It's better to give even a small good, but rather it can be evil, and cruel behavior is so bitter, but as a result, it becomes often a good thing. The executive is not a person who does good deeds, but a very fatiguing person who sometimes needs to exclude emotions and make profits because it is a good deed not to go bankrupt. - Joseph’s “just my thoughts”