Some people hear that their business success rate is only 10%, so they try to avoid being part of the 90% who fail and put a lot of effort into becoming part of the 10% who succeed. In contrast, others allocate just 10% of their total effort to each of their 10 businesses, hoping that one will succeed. Since only one in ten founders succeeds, the latter approach is better because success in this world is a matter of probability. - Joseph’s “just my thoughts”
One hundred seventy years ago, tuberculosis was a lethal disease. This illness posed a significant threat to humanity, resulting in an estimated 1 billion deaths between 1700 and 1900. Notably, traces of tuberculosis have been found in the mummies of ancient Egyptian kings. In the late 1840s, German botanist Hermann Brehmer, confronted with the fatality of tuberculosis, relocated to the Himalayas in search of fresh air. Remarkably, he survived and is believed to have successfully fought off Mycobacterium tuberculosis in that less favorable environment for bacterial growth. As a result, numerous nursing homes emerged across Europe and the United States, including specialized facilities for tuberculosis care and luxury accommodations for the affluent. However, by the 1940s, many of these nursing homes began closing due to the emergence of antibiotics, which drastically changed their economic viability. Throughout history, it seems that economic value often proves transient. - Joseph’s “j...