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March 8, 2007, 01:39 AM

Ankesh

Senior Member

Join Date: Sep 2006

Location: Mumbai, India

Posts: 693

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I was reading a speech by Charlie Munger (Warren Buffet's partner) and this sentence jumped at me:

Quote:

For instance, a lottery.

* You have a lottery where you get your number by lot, and then somebody draws a number by lot, it gets lousy play.

* You have a lottery where people get to pick their number, you get big play.

How can you use that idea for your products?

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