My First Million With Our Very Own Raoul Pal
Real Vision: Finance & Investing
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Network Effects
Network effects describes a phenomenon where every participant that joins the network makes the whole network more valuable. It's like the opposite of ik a popular night club, where everybody who joins makes the thing sort of yonow, diminishes the popularity overtime. Network effects typically describe that they it gets more valuable at it square as an expedential, not winner. So even when the network flattens out and is now worth, i think, two trillion dollars for the this last et space is currently two trillion dollars, that's a hundred x in market cap. That's huge. We've never had anything like this before, right?
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