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 flesh of salmon is naturally white. Its characteristic orange hue results from the salmon’s diet, which is rich in shrimp, imparting the shrimp’s color to its flesh. This orange pigment, known as ‘carotenoids,’ is also found in carrots. Fish with red flesh possess high levels of hemoglobin in their blood and myoglobin in their muscles, enabling them to utilize oxygen efficiently, particularly those that require strong muscle activity. Although salmon are typically less active, they become more engaged during the spawning season when they travel back to their rivers. It’s fascinating to think that salmon and carrots are linked through this pigment despite having no apparent connection. The world has unimaginable connections. Who can predict what tomorrow will bring? Thus, let’s strive to be good people. - Joseph’s “just my thoughts”