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”
Hormones control humans. They are magical substances that fluctuate in response to external stimuli or various health factors. Hormone therapy for individuals who struggle to manage their anger or face suicidal thoughts due to depression can alleviate these problematic behaviors. The irony lies in the fact that although humans produce hormones, these substances, as objects, tend to dominate humans as the subjects. The phenomenon of exchanging back and forth, or engaging with customers, can lead someone to become unaware of their own identity. Don’t let your emotions turn into attitudes . Once your emotions morph into attitudes , others may find it difficult to trust you. - Joseph’s “just my thoughts”