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What Should We Do About Power Laws?

Power Laws in Public Markets Series, Book Preview

Fellow Partners,

“What should we do about power laws?” is one of the most common questions I receive.

Power laws have become a multi-year exploration that will result in a book on the topic next year. Fund partners will be the first to receive copies once available.

In the interim, I shared a preview at a recent gathering and recorded it here.

It covers:

  • A simple visual framework for thinking about power laws

  • Power laws in humanity, languages, attention, thoughts, markets and investments

  • How we can change our expectations and actions

  • A simple framework for action

We will also continue our essay series on the topic. Part 1 and Part 2 are published. Part 3 and Part 4 are forthcoming.1

Thank you for the continued opportunity to compound trust with you.

As always, please reach out any time.

All the best,

John

Founder and Managing Partner

Phronesis Fund | john@phronesisfund.com | Disclaimer

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1

Part 1 argues that the world is ruled by power laws, not averages.

Part 2 argues that economy of time is the primary force behind power laws.

Part 3 (forthcoming) will define cognitive leverage and how to spot power law potential.

Part 4 (forthcoming) will offer principles for operating in a world ruled by power laws.

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Audio Content // The Phronesis Fund is a long-biased investment partnership that applies practical wisdom and first principles reasoning to patiently compound capital. These are the regular updates from the managing partner to Phronesis Fund partners.
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