Network Effects

|IN PROGRESS|

The more people who use something, the more valuable it becomes for everyone - creating a self-reinforcing cycle that makes established networks extremely difficult for competitors to displace.

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"Winning" the Ovarian Lottery

The idea of the Ovarian Lottery - or "the random accident of why you were born with one time, place, and identity rather than another" - has been previously popularized by Buffett as the lucky random chance of being born to more blessings and opportunities. Buffett's thought experiment: imagine 24 hours before birth, you had to design society from behind a "veil of ignorance" - not knowing if you'd be born rich or poor, healthy or sick, in Silicon Valley or rural Bangladesh, male or female, in 1950 or 2024.