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”
Only humans are the sole creatures on Earth that cook. The starting point of all cooking is the use of fire. Why do humans use fire? The nutrient absorption rate of raw potatoes is 51%, while boiled potatoes have a rate of 95%. Beef-specific proteins are 4 times more digestible when heated. Good digestion allows for greater energy extraction. Apes chew their food for 6 to 8 hours a day, but humans chew for less than an hour. As a result, the human intestines are only two-thirds shorter than those of apes. In contrast, the human brain is larger. The human brain is the most efficient organ for energy in the body. In fact, species of apes with larger brains have smaller intestines, while those with larger intestines possess smaller brains. This is referred to as the “exchange relationship between the brain and the intestine.” Eating boiled foods indicates cooking. This single factor decisively distinguishes humans. Don’t underestimate the significance of cooking. - Joseph’s “just my thoug...