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 founder of the Presbyterian Church, Jean-Calvin, gave the name “vocation (calling)” to the “labor power” people provided to the capitalist. Labor is sacred and destiny. However, in this natural world, humans are the only ones who do much work without reason beyond those necessary for survival. African lions only take a nap outside of hunting time. “The dog in my house” also plays outside except for walking and eating. Humans who work physically and mentally 24 hours a day even abuse their brains, saying they are lacking. Only when you prove yourself to others do you become yourself indeed. But the time has come for AI and robots to do the work humans value. The opportunity came to be recognized for value, not the ability, but the existence itself. In the future, “Who am I?” will lead to success rather than “What are you doing?” Then, I'm asking, “Who are you?” - Joseph’s “just my thoughts”