Autocatalysis

Disney had extraordinary luck with the advent of VHS technology. The company's treasure trove of copyrighted animated classics became a golden ticket when videocassettes entered homes. Like Coca-Cola's windfall from refrigeration, Disney effortlessly transferred their films to this new format. Suddenly, generations of families could enjoy these timeless stories at home. This "Autocatalysis," as Charlie Munger calls it, propelled Disney to new heights without any additional creative effort. It's a prime example of how being prepared with the right assets can lead to explosive growth when technology shifts.