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”
When someone has done nothing wrong and yet their partner quietly ends the relationship, it’s common for people to question themselves, asking, “What did I do wrong?” However, this quiet disconnection often stems from various factors, not just a lack of goodwill or personal fault. A person distressed by this separation may still harbor deeper emotional wounds. The quiet end of a relationship is not a reflection of anyone’s wrongdoing but is tied to the unique circumstances each individual faces. In such cases, it’s prudent to simply view each other as “unsuited.” Avoid feeling unjustly victimized; instead, let’s remind ourselves, “I’m still a good person.” - Joseph’s “just my thoughts”