4 ms·
This article's point is a giant instance of survival bias. How many people went bankrupt when they were ousted as CEO of their own company, and because of that
by zck 9y ago
This article's point is a giant instance of survival bias. How many people went bankrupt when they were ousted as CEO of their own company, and because of that couldn't financially start second, third, fourth companies?
There's also this quote from the article:
> Elon Musk’s story proves that once you’ve mastered the art of failing, success becomes the only way you can go.
That seems like the "post hoc ergo propter hoc" fallacy: "after this, therefore because of this". Perhaps he got incredibly lucky after failing for a while. Perhaps he was incredibly unlucky while failing?