The Morgan Housel Podcast Tails, You Win
394 snips
Feb 7, 2025 Discover how the '80/20 rule' can shape your success story, with lessons drawn from Disney's journey. Explore the surprising ways a few key investments can yield disproportionate returns in the market. Delve into the world of comedy, where trial and error is essential for refining routines, as seen with Chris Rock. Finally, learn about the evolution of content creation in the digital age and the importance of resilience and learning from failures amid fierce competition.
AI Snips
Chapters
Books
Transcript
Episode notes
Disney’s Tail Event
- Walt Disney produced 400+ cartoons, most of which lost money.
- Snow White’s success single-handedly saved his studio and made him a celebrity.
Tails Drive Everything
- Tails drive everything; a small percentage of actions yield most results.
- Huge, profitable, famous, or influential things result from tail events.
Venture Capital Tails
- Venture capital is a tail-driven industry.
- Most investments lose money, but a tiny fraction generates massive returns.
