It's a competition, not a seminar; merely observing power law returns does not imply a stable hierarchy of factors determining portfolio performance. Primary factors like decision quality or ticket size are active levers that can be manipulated, whereas a power law distribution is a passive outcome. You don't win the race just by describing the terrain; the competitive advantage comes from controlling variables. For example, sudden regulatory changes on technology listings in China can nullify any return potential, regardless of initial investment quality. Focusing on controllable mechanisms allows you to lap the competition in the market.