Let $f_{k+1}(x)=f_{k}(\cos x)$ and $f_{1}(x)=\cos x$ then $\lim_{k\to\infty}f_{k}(x)=0.73905\cdots$ Let $f_{k+1}(x)=f_{k}(\cos x)$ and $f_{1}(x)=\cos x$ then $\lim_{k\to\infty}f_{k}(x)=0.73905\cdots$
I was just piddling around with the calculator one day. I don't know what happened but I just happened to take the cosine of a single number (in radians) repeatedly. It converged to a single value $0.739085133\dots$ It converged to this same thing for every number I tried. Like for example, the cosine of the cosine of the cosine of the cosine$\dots$ of any arbitrary value is equal to that.
Please tell me if I have made a new observation, or if it's just a false alarm.
 A: The function $f(x)=\cos (x))$ has just one fixed point ($x_0$ is a fixed point of $f(x_0)$ if and only if $f(x_0)=x_0$). That fixed point is as you found $x_0\approx 0.739085133$.
Then you can see that $|f'(x_0)|=|-\sin (x_0)|<1$. 
So $x_0\approx 0.739085133$ is an attractive fixed point of $f(x)=\cos (x)$, and that's why you got that result using your calculator.
A: I know others have sufficiently answered your question, but I wanted to add a neat graphical representation. You can start from some particular $x$ value, go vertically to the $y=\cos(x)$ curve, then horizontally to the $y=x$ line, and repeat this process to zero in on the fixed point of $f(x)=\cos(x)$. 

Here I'm starting with an initial $x$ value of $x_0=0.2$.
Or alternatively, you can plot the function $f(x)=\cos\cos\cos...x$ for a large number of iterations and notice it is a nearly constant function. (I'll let you do this yourself.) As a final note this number is in fact transcendental and has a special name, the Dottie Number.
