We live in a power law world

• We do not live in a world of normal distributions; we live in a world governed by the power law.
• This means that we should expect to see extreme inequalities and outcomes in many areas of life.
• For example, a few companies will be exponentially more successful than all others.
• Understanding the power law is crucial for making good decisions in business and in life, as it helps to have a more accurate model of how the world works.
• The Power Law governs the universe