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”
Treating relationships between people is the world's hardest and most difficult thing. Most hard work mentally means feeling some troubles in the relationship among the people. If you feel so tired from your ordinary life, go deep inside of your mind to find the stresses from the people out, then you should take a rest enough. A rest gives us the power to stand for passing our lifetimes by, not to move the stresses themselves out. After all, time is medicine. - Joseph's "j ust my thoughts"