Long Tail

Chris Anderson’s demand-distribution idea: effectively infinite shelf space makes the tail of the demand curve commercially reachable.

The investing thesis that follows from it lives at Riches in Niches — that the tail is not merely reachable but systematically mispriced, because the capital stack is optimized for outcomes a niche can never produce. Related, not the same idea.

Where this appears

• This Is The Internet Effect… (tweet)