Papail: Log returns stem from opportunities spread across orders of magnitude
Papail argues that bounded returns alone cannot explain near-logarithmic payoffs where each capability or market-share step costs roughly 10x more. Instead, opportunities spread across orders of magnitude of cost, with easy wins captured first, naturally yields log-shaped returns.
2026-10-20 ~ 2026-10-20 · 2 related posts
- Logarithmic returns come from opportunities spread across orders of magnitude of cost — DimitrisPapail · 2026-10-20
- Each capability level costs ~10x more because search picks easy wins first, says Papail — DimitrisPapail · 2026-10-20