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9 Times Apple Got It Wrong (AAPL)

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tim cook steve jobs

Under the leadership of Steve Jobs, Apple introduced industry-shaking products like the iPod, iMac, iPhone and iPad — devices that have collectively changed how we consume media today.

But Apple didn't always get it right.

From mocking larger tablet-sized smartphones (a.k.a. "phablets") to saying the iPad's screen couldn't get any smaller and still be usable, there are plenty of times where Apple has been too quick to speak in the past.

Here are some of the most notable instances.

Steve Jobs thought Apple and IBM would emerge as the only computer suppliers.

"In terms of supplying the computer itself, it's coming down to Apple and IBM," said Jobs in a 1985 interview with Playboy. "And I don't think there are going to be a lot of third- and fourth-place companies, much less sixth- or seventh-place companies. Most of the new, innovative companies are focusing on the software. I think there will be lots of innovation in the areas of software but not in hardware."



Steve Jobs thought music subscription services were "bankrupt."

In a 2003 interview with Rolling Stone, Steve Jobs was highly critical of subscription music services at the time, like Rhapsody.

"People don't want to buy their music as a subscription ... they're going to want to buy downloads," said Jobs. "The subscription model of buying music is bankrupt. I think you could make available the Second Coming in a subscription model, and it might not be successful."

Clearly, Jobs failed to anticipate the popularity of both Pandora and Spotify, an oversight which caused Apple to enter the streaming service late in the game with its iTunes Radio and eventual Beats acquisition earlier this year.



Steve Jobs thought iTunes would only sell music, not movies.

When Steve Jobs was asked "Do you see an iTunes movie store?" during a 2003 Rolling Stone interview, he replied, "We don't think that's what people want. A movie takes forever to download – there's no instant gratification."

Fast-forward to 2013, when Apple announced, "iTunes users have downloaded more than one billion TV episodes and 380 million movies from iTunes to date, and they are purchasing over 800,000 TV episodes and over 350,000 movies per day."



See the rest of the story at Business Insider

29 Brilliant Quotes From Charlie Munger, Warren Buffett's Right-Hand Man

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charlie mungerCharlie Munger dropped out of college, served as a meteorologist in the US Army Air Corps, and attended Harvard Law.

And then at age 31, he met Warren Buffett, who convinced him to go into investing.

Today, Munger is Warren Buffett's right-hand man at Berkshire Hathaway and has an estimated net worth of $1.3 billion.

We've compiled a list of his most insightful quotes about business, investing, and life in general.

So step inside the mind of one of the most brilliant investors alive today.

Don't drift into self-pity because it doesn't solve any problems.

"Generally speaking, envy, resentment, revenge and self-pity are disastrous modes of thoughts. Self-pity gets fairly close to paranoia, and paranoia is one of the very hardest things to reverse. You do not want to drift into self-pity. ... Self-pity will not improve the situation."

Source: Charlie Munger USC Law Commencement Speech, May 2007



Those who keep learning, will keep rising in life.

"I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you."

Source: Charlie Munger USC Law Commencement Speech, May 2007



At a certain point, you have to suck it up and cope.

“There’s danger in just shoveling out money to people who say, ‘My life is a little harder than it used to be. At a certain place you’ve got to say to the people, ‘Suck it in and cope, buddy. Suck it in and cope.’”

Source: University of Michigan discussion 



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Unbelievable Photos Of What It's Like To Hunt Down Criminals For A Living

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Clara_Vannucci28

Several years ago, Italian photographer Clara Vannucci was hanging out in a bar in TriBeCa, New York when she met a burly, Greek man name Bobby Zouvelos. The two struck up a conversation and Vannucci, who had recently photographed inside the notorious Riker’s Island jail, explained to Zouvelos what she had seen. Zouvelos mentioned that he and his brother George worked at jails too; he was a bail bondsman.

Intrigued by the concept— Italy doesn’t have bail bondsmen — Vannucci asked the man to introduce her to his world, a rarely discussed underworld of bail bondsmen, defendants, and bounty hunters.

After following George and Bobby Zouvelos for the better part of two years, Vannucci collected the work into a recently released book, titled "Bail Bond." Vannucci shares some of her work with Business Insider here, but you can check out the rest at her website or in the book.

Bail bondsmen act as guarantors in the criminal justice system. They are a combination between insurance salesmen, social workers, and private policemen.



This is George Zouvelos, a bail bondsman based in Brooklyn. Vannucci was introduced to Zouvelos by his brother Bobby, who she met in a bar.



Zouvelos is known as the "Bail Boss." When someone is arrested and can’t afford to pay their bail, Zouvelos offers to pay it in exchange for a fee. This fee is non-refundable even if the defendant does everything right, appears in court, and is found innocent.



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14 Billionaires Who Started With Nothing

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jack ma alibaba

Forbes released its annual Forbes 400 list on Monday, revealing the 400 wealthiest people in the US.

It's not just a list of privilege; it's a story of opportunity. Many of these mega successes started with limited means. 

Just ask Jan Koum, the WhatsApp founder who once lived on food stamps. After selling his company to Facebook in February for $19 billion, he's now worth $7.7 billion, Forbes estimates.

Then there's Larry Ellison, who worked eight years of odd jobs before founding Oracle. He's one of the biggest dollar gainers since last year, making a $9 billion jump in net worth from 2013. 

It's not only an American Dream. Several international entrepreneurs have had similarly meteoric rises. Talk to Alibaba founder Jack Ma, who started his career as an English teacher and is now worth over $20 billion after taking his company public

These rags-to-riches stories remind us that through determination, grit, and a bit of luck anyone can overcome their circumstances and achieve extraordinary success.

Vivian Giang contributed research to this article.

Jan Koum, the CEO and cofounder of WhatsApp, once lived on food stamps before Facebook made him a billionaire.

Net worth: $7.7 billion (according to Forbes)

Koum, 37, came to the US from Ukraine when he was 16 years old. His family, struggling to make ends meet, lived on food stamps that they picked up a couple blocks away from Koum's future WhatsApp offices in Mountain View, California.

In 2009, he and cofounder Brian Acton launched the real-time messaging app with an aim to connect people around the world. It essentially replaces text messaging.  

WhatsApp, which now has over 600 million global usersagreed to a $19 billion buyout from Facebook earlier this year. 

The deal made Koum a multibillionaire.



Jack Ma taught English before founding Alibaba in 1999.

Net worth: $20.2 billion 

Born in Hangzhou, China, Ma grew up in poverty. He couldn't get a job at the local KFC. He failed the national college entrance exams — twice — before finally graduating and starting his career as an English teacher. 

Then, in 1995, he had his first visit to the US. He saw the internet for the first time. 

Recognizing that there was little in the way of Chinese content online, he started China Pages, a directory that was arguably the very first Chinese web startup. It promptly failed. 

In 1999, he founded Alibaba. Today, the online retailer handles double the merchandise of Amazon. With September's IPO, Ma became China's richest person



Elizabeth Holmes started her blood diagnostics company when she was 19. Now at 30, she's a billionaire.

Net worth: $4.5 billion

When Holmes was a 19-year-old sophomore at Stanford University back in 2003, she started Theranos, a blood diagnostics company that makes blood testing cheap. 

The Palo Alto startup has 500 employees, a reported $400 million in funding, and a $9 billion evaluation. 

Holmes has always been precocious — she taught herself Mandarin in her spare time when she was growing up in Houston. She was filing patents before getting to Stanford. And now she's worth billions. 



See the rest of the story at Business Insider

The 50 Most Expensive Private High Schools In America

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Cate School, Private Schools, Most Expensive

There are some things you get from a private school that you just can't get from a public school: free iPads, farm-to-table catered lunches, and international study opportunities. It's a world class education, for top dollar.

This is our fourth annual list of the 50 most expensive private high schools in the U.S. — and the schools are getting more and more pricey every year. Many of them appear in New York City, where the cost of living (and learning) is one of the highest in the country.

To create this list, we looked at tuition and mandatory fees (including one-time fees where applicable) to calculate the total cost for the 2014-2015 school year. In instances where the school listed a range of expected expenditures for books and other required materials, we used the average. Special needs schools and boarding-only schools were not taken into consideration for this list.

50. Walnut Hill School for the Arts

Location: Natick, Massachusetts

Tuition and fees: $41,000

Enrollment: 300

Day students can request to "affiliate" with one of the dorms on campus in order to have access to common rooms and resources, and bond with their residential classmates.

Methodology: Rankings are based on tuition and fees for daytime-only students in grades 9 through 12 for the 2014-2015 school year. Boarding-only schools and special-needs high schools were not included.



49. The Taft School

Location: Watertown, Connecticut

Tuition and fees: $41,045

Enrollment: 576

The school's mascot, the rhino, was chosen in honor of a popular student in the late '80s who apparently ran like a rhino when he was playing soccer.

Methodology: Rankings are based on tuition and fees for daytime-only students in grades 9 through 12 for the 2014-2015 school year. Boarding-only schools and special-needs high schools were not included.



48. Brooks School

Location: North Andover, Massachusetts

Tuition and fees: $41,311

Enrollment: 380

Students participate in afternoon programs in the arts, sports, and community service; if they're passionate about another subject or issue, they also have the option of designing their own afternoon programs.

Methodology: Rankings are based on tuition and fees for daytime-only students in grades 9 through 12 for the 2014-2015 school year. Boarding-only schools and special-needs high schools were not included.



See the rest of the story at Business Insider

12 Former NFL Players Who Lost A Ton Of Weight After Retiring

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Brad and Monica Culpepper

Many former athletes struggle with weight gain after their playing careers end. This is especially true among football players.

Some players are luckier and actually lose a ton of weight. In many cases, the players are now nearly unrecognizable.

One common theme among many of these players is the position they played.

Most of the players on the following pages were offensive lineman, suggesting those players do more to push their body weight to an extreme, developing dangerous habits like consuming massive numbers of calories to maintain their playing sizes.

Brad Culpepper (No. 77) was a 275-pound defensive tackle for three different teams and retired after the 2000 season.

Source: @monicaculpepper



Here is Brad Culpepper with his wife on the show "Survivor." He says it was pretty easy to lose 80 pounds because he simply stopped eating all the extra food needed to maintain his playing weight.

Source: sptimes.com



Alan Faneca was a 320-pound offensive lineman for the Steelers, Jets, and Cardinals, and he last played in 2010.



See the rest of the story at Business Insider

'Chef Of The Century' Joël Robuchon Describes His Two Most Memorable Meals

This Amazing Twitter Account Curates The Most Hilarious And Cringe-Worthy Movie Reviews On Amazon

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Ray, Ghostbusters

As a big movie buff, Joe Grabinski has been ordering DVDs off Amazon for years and often wades through the reviews before making a purchase.

Every so often, he would find one that was so completely absurd that he emailed it to his brothers. Two months ago, he decided the level of ridiculousness warranted its own Twitter account. And so Amazon Movie Reviews was born. 

Grabinski was shocked when, within 24 hours, it started blowing up. The account now has more than 27,000 followers.

He posts each review without comment, except for the title of the movie it was written for. 

SEE ALSO: Amazon Is Under Attack Like Never Before

Reading through the Twitter feed, you become amazed at the opinions people feel compelled to share.



And the concepts that confuse them.



Or the details that anger them.



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Japan's Groundbreaking Bullet Train Is Officially 50 Years Old

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Shinkansen Post Card

The iconic image of majestic bullet train blasting past the snowcapped peaks of Mount Fuji has become a symbol of Japan's growth into an economic and technological juggernaut. This month, the blue-and-white liveried Shinkansen Bullet Train that stars in the photo above is officially 50 years old.

Over the past half century, the Bullet Train has become inextricably linked with the nation and the people it has served so diligently. Since its debut in 1964, the Shinkansen has grown from a single line connecting Tokyo and Osaka to lines linking all parts of the country. These days, the BBC reports that one bullet train leaves Tokyo for Osaka every 3 minutes. 

When the Shinkansen first appeared, it was unlike anything people had seen before. So they simply referred to it by the shape of its design.



The first bullet train trip left Tokyo for Osaka at 6:00 AM on the morning of Oct. 1, 1964...



On its way to Osaka, the train zoomed past Mount Fuji...



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14 Meeting Etiquette Rules Every Professional Needs To Know

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Meeting EtiquetteYou probably dread work meetings. Most people do. But there's a good chance you're required to attend them from time to time. And when you do — no matter how much you don't want to be there — it's important that you conduct yourself in the most respectful and professional manner, as you'll most likely be surrounded by coworkers, bosses, and current or prospective clients.

That means you need to show up on time, come prepared, and avoid looking at your phone. If broken, these simple rules of meeting professionalism may seriously damage your reputation.

To get a better idea of how to maintain a positive, professional image while in a meeting, we reached out to Barbara Pachter, a career coach and author of "The Essentials Of Business Etiquette." Here's what she said.

This is an update of an article written by Vivian Giang.

1. Be on time.

Make sure you arrive on time, says Pachter. You don't want to waste anyone else's time by not being punctual.

"Leaders need to start on time so people can depend on that," she tells Business Insider.



2. Mingle before the meeting starts.

If the opportunity presents itself, go up to people, introduce yourself (if you don't know the person) and make some small talk, Pachter suggests. "One CFO complained to me that one of her staff members came to a meeting, just sat down, and reviewed his slides. He missed a wonderful opportunity to interact with the higher ups in the company."



3. Make introductions.

If everyone doesn't know one another in the meeting room, you need to make introductions. You should do this by starting with the person of the highest rank first, says Pachter.

For example, "Ms. CEO, I would like you to meet Mr. New Hire." 



See the rest of the story at Business Insider

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SHADES, TANKS, AND TORPEDOES: Inside The Awesome Headquarters Of Oakley

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Oakley HQ

There is nothing boring about the headquarters of Oakley, Inc. in Foothill Ranch, California.

Besides being the place where about 35,000 sets of sunglasses are made every day, the company has some features that set it apart from other corporate homes, like a working military tank, a BMX track, and a torpedo in the parking lot.

We recently traveled down to Southern California for a conference at Oakley for the Infinite Hero Foundation, a charity for military veterans and their families.

While there, we took a tour of the company that makes everything from sunglasses to boots to backpacks.

Disclosure: Infinite Hero paid for the author's travel to the conference, where he was a discussion panel moderator.

One of the first things you'll notice about Oakley HQ is its many design cues from the military.



And visitors take notice pretty quickly, with a tank-like vehicle parked not far from the parking lot (It looks like a tank, but it's actually an infantry fighting vehicle called a BMP).



This isn't a prop. It's really works. While we were there, Oakley staffers used it to give people rides during the conference.



See the rest of the story at Business Insider

An American Is Taking Four Years To Travel Through Every Country In Africa

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The 10 Best Jobs For Pay Raises And Growth

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dentist teeth dental childYou may be the hardest-working, most motivated employee in your company — but if you're in a field that has terrible growth opportunities, raises and promotions may not be in the cards for you.

That's right: Moving up and making more has a lot to do with your skills and work ethic — but not everything.

"Some professions just haven't displayed the same level of growth as others in recent years," says AJ Smith, the managing editor of SmartAsset, a financial tools startup. 

Knowing that, SmartAsset decided to identify the best jobs for pay and growth opportunities.

To compile its list, SmartAsset used data from the US Bureau of Labor Statistics for more than 1,000 distinct jobs in 2012 and 2013 to find the current average salary, one-year percentage growth in the number of jobs available, and salary growth numbers for each profession.

Unsurprisingly, family and general practitioners land at No. 1.

These "general practice doctors" earn an average of $176,530 a year and saw a 9.8% job growth rate in the past year. These professionals also experienced 2.6% salary growth year-over-year, on average.

Rounding out the top three are psychiatrists and dentists. 

"People may be most surprised by No. 4 on our list, which is reinforcing iron and rebar workers," says Smith. "But while the salary for this construction job is lower than all the other jobs on the list, the opportunity and salary growth are both huge — in the double digits." 

10. Astronomers

Average annual salary: $110,450

One-year opportunity growth: -18.0%

One-year salary growth: +14.5%



9. Law Professors

Average annual salary: $105,080

One-year opportunity growth: +2.2%

One-year salary growth: +5.1%



8. Genetic Counselors

Average annual salary: $63,590

One-year opportunity growth: -1.0%

One-year salary growth: +12.0%



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The Inspiring Life Story Of Alibaba Founder Jack Ma, Now The Richest Man In China

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Fresh off the biggest IPO in history, Alibaba founder and chairman Jack Ma is now the richest person in China.

Ma is now worth an estimated $25 billion, which includes his 7.8% stake in Alibaba and a nearly 50% stake in payment processing service Alipay.

Ma is a true rags-to-riches story. He grew up poor in communist China, failed his college entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba. 

Jack Ma (a.k.a. Ma Yun) was born on October 15, 1964, in Hangzhou, located in the southeastern part of China. He has an older brother and a younger sister. He and his siblings grew up at a time when communist China was increasingly isolated from the West, and his family didn't have much money when they were young.

 Source: 60 Minutes, USA Today

 



Ma was scrawny and often got into fights with classmates. "I was never afraid of opponents who were bigger than I," he recalls in "Alibaba," a book by Liu Shiying and Martha Avery. Still, Ma had hobbies just like any other kid. He liked collecting crickets and making them fight, and was able to distinguish the size and type of cricket just by the sound it made.

Source: USA Today, Business Insider



After then-US president Richard Nixon visited Hangzhou in 1972, Ma's hometown became a tourist mecca. As a teenager, Ma started waking up early to visit the city's main hotel, offering visitors tours of the city in exchange for English lessons. The nickname "Jack" was given to him by a tourist he befriended.

Source: 60 Minutes

 



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Vintage Photos Show The Terrifying First Expeditions Into The Congo To Track Down Ebola

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Ebola Investigation Team Travels By Jeep To Check Villages Near Yambuku

The first known Ebola outbreak devastated a small village called Yambuku and the surrounding area in the north of the Congo in 1976.

When it started to kill patients in a missionary hospital, a Flemish nun was infected, and samples of her blood were sent to Belgium. Scientists soon realized they were dealing with something unknown.

After a harrowing experience with the virus in the lab, Peter Piot, a 27-year-old doctor who was one of the first to examine Ebola, left his pregnant wife in Belgium and set off for the Congo, then called Zaire, to track down the source of the outbreak. There he joined researchers from around the world for a terrifying hunt for the origin of the disease.

Piot wrote about the experience in his book "No Time to Lose: A Life in Pursuit of Deadly Viruses." Using photos from the CDC's Public Health Image Library, we've illustrated their several expeditions into the Congo.

Immediately upon arrival, Piot was swept through the airport — avoiding customs, because his passport wasn't valid — and rushed to meet the others who planned to track down the virus’ source. He’s the third from the left in the middle row here, wearing the colorful shirt.



Their mission was in Yambuku, 700 miles northeast. Stories of birds dropping out of the sky, sick with fever, and of human bodies by the roadsides had terrified pilots who at first refused to fly the team to the closest airfield in Bumba, a town of 10,000 on the edge of the epidemic zone.



After some cajoling, pilots agreed to drop the team and their Land Rover off if they could immediately depart for safety. Hundreds of scared locals surrounded the plane upon arrival, hoping for a way out, but military police beat them back so the researchers could unload.



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9 Books Bill Gates Thinks Everyone Should Read

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While Bill Gates has a schedule that's planned down to the minute, the entrepreneur-turned-billionaire-humanitarian still gobbles up about a book a week

Aside from a handful of novels, they're mostly nonfiction books covering his and his foundation's broad range of interests. A lot of them are about transforming systems: how nations can intelligently develop, how to lead an organization, and how social change can fruitfully happen.

We went through the past four years of his book criticism to find the ones that he gave glowing reviews and that changed his perspective.

'Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012' by Carol Loomis

Warren Buffett and Gates have a famously epic bromance, what with their recommending books to each other and spearheading philanthropic campaigns together

So it's no surprise that Gates enjoyed "Tap Dancing To Work," a collection of articles and essays about and by Buffett, compiled by Fortune magazine journalist Carol Loomis. 

Gates says that anyone who reads the book cover-to-cover will walk away with two main impressions: 

First, how Warren's been incredibly consistent in applying his vision and investment principles over the duration of his career;

... [S]econdly, that his analysis and understanding of business and markets remains unparalleled. I wrote in 1996 that I'd never met anyone who thought about business in such a clear way. That is certainly still the case.

Getting into the mind of Buffett is "an extremely worthwhile use of time," Gates concludes.

Buy it here >>



'Making the Modern World: Materials and Dematerialization' by Vaclav Smil

Gates says his favorite author is Vaclav Smil, an environmental sciences professor who writes big histories of things like energy and innovation.

His latest is "Making the Modern World." It got Gates thinking. 

"It might seem mundane, but the issue of materials — how much we use and how much we need — is key to helping the world’s poorest people improve their lives,"he writes."Think of the amazing increase in quality of life that we saw in the United States and other rich countries in the past 100 years. We want most of that miracle to take place for all of humanity over the next 50 years."

To know where we're going, Gates says, we need to know where we've been — and Smil is one of his favorite sources for learning that.

Buy it here >>



'The Sixth Extinction: An Unnatural History' by Elizabeth Kolbert

It can be easy to forget that our present day is a part of world history. Gates says that New Yorker writer Elizabeth Kolbert's new book "The Sixth Extinction" helps correct that.

"Humans are putting down massive amounts of pavement, moving species around the planet, over-fishing and acidifying the oceans, changing the chemical composition of rivers, and more," Gates writes, echoing a concern that he voices in many of his reviews.  

"Natural scientists posit that there have been five extinction events in the Earth’s history (think of the asteroid that wiped out the dinosaurs)," he continues, "and Kolbert makes a compelling case that human activity is leading to the sixth." 

To get a hint of Kolbert's reporting, check out the series of stories that preceded the book's publication.  

Buy it here >>



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35 Science 'Facts' That Are Totally Wrong

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neil degrasse tyson gravity thumbnail

Hollywood, friends, and family have perpetuated these 35 science myths for years. But it's time to set the record straight.

Is there fire in space?

Does tequila really come with a hallucinogenic worm?

Can you overdose on Vitamin C?

The answers to these questions will surprise you.

For this list, we used Wikipedia's great list of "Common Misconceptions", this great video from Mental Floss, and our brains. You can find the source of our facts under the images.

Have some we missed? Send them along to Science (at) businessinsider.com.

Robert Ferris contributed to an earlier version of this post.

The beautiful rings of Saturn are not solid bands. The rings are comprised of individual dust and ice particles that range in size from microscopic to many feet long.

(SOURCE: NASA)



Contrary to what you learned in grad school, there are four states of matter, not three. Solid, liquid, gas, and plasma are the four states of matter you see everyday.

(SOURCE: NASA)



Searing meat does not keep it moist. Searing will create a nice brown crust that is rich in flavor and can actually remove moisture.

(SOURCE: Cook Think)



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