"It is obvious that **the information age, by homogenizing our tastes, is causing the unfairness to be even more acute—those who win capture almost all the customers**. The example that strikes many as the most spectacular lucky success is that of the software maker [[Microsoft]] and its moody founder [[Bill Gates]]. "While it is hard to deny that [[Bill Gates|Gates]] is a man of high personal standards, work ethics, and above-average intelligence, is he the best? Does he deserve it? Clearly not. **Most people are equipped with his software (like my self) because other people are equipped with his software, a purely circular effect** (economists call that “network externalities”). Nobody ever claimed that it was the best software product. Most of [[Bill Gates|Gates]]’ rivals have an obsessive jealousy of his success. They are maddened by the fact that he managed to win so big while many of them are struggling to make their companies survive." --- **Tags** -- [[quotes]], [[power-laws]], [[network-effects]], [[envy]], [[fooled-by-randomness]], **Source** -- [[202410121132 - B - Fooled by Randomness]]