2 ms·
To me survivorship bias is looking at someone who made it. Assigning some charateristics to that person. i.e. Hard working, motivated etc etc. But, forgetting
by 1ba9115454 8y ago
To me survivorship bias is looking at someone who made it. Assigning some charateristics to that person. i.e. Hard working, motivated etc etc.
But, forgetting that lot's of people who didn't make it also had those charateristics.
Then you have to factor in luck. 2 Entrepreneurs with the same work ethic and idea but one gets lucky. The difference in money generated can be huge.