Mental Model: Power Law - Distribution Is Not Always Equal
What are power laws? Effectively, it’s when one variable changes substantially when another variable changes just a little. Put in business terms, a disproportionate amount of the rewards go to those at the top.In today's episode we cover the mental model of power laws, including the general concept behind it and how we can apply it as an investor.Enjoy the show? Rate and Review to share your thoughts:Apple Podcasts (iPhone) | Podchaser (Android)Connect with me: Instagram: @stockstoryteller | Twitter: @stckstryteller | Email: [email protected]: [email protected]