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>When the lone "insane" person is vindicated, great wealth and success seem to follow. I must not have been paying attention. When did that ever happen?

• relkor 11y ago
  When someone sees a market inefficiency that everyone else was ignoring, and then solves it, they are in position to collect economic rents until others catch up. The problem that was solved was not imaginary, it was real, and people are suddenly able to pay to remove this problem. This is clear throughout history as first movers have successfully implemented local monopolies with varying degrees of scale.
  • JadeNB 11y ago
    > When someone sees a market inefficiency that everyone else was ignoring, and then solves it, they are in position to collect economic rents until others catch up. PG, for example: http://www.paulgraham.com/avg.html http://www.paulgraham.com/avg.html . :-)