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An economist walks down the street and sees a $20 on the ground. “That can’t be real, if it were, someone would have picked it up.” A passerby stoops down and
by throwawaymsft 8y ago
An economist walks down the street and sees a $20 on the ground. “That can’t be real, if it were, someone would have picked it up.”
A passerby stoops down and picks it up.
- kickopotomus 8y agoI appreciate the metaphor but it still highlights the same crux of the problem. That first passerby got the $20. The next guy that follows in his footsteps gets nothing.
- throwawaymsft 8y agoBut is that a problem for the first passerby? Do you not read the book because the strategies won't work in perpetuity?
- kickopotomus 8y ago> High Growth Handbook is the playbook for turning a startup into a unicorn... No, I don't read the book because I don't like books that claim to be selling some secret sauce to success because they are often rife with survivorship bias.
- throwawaymsft 8y agoSounds like there’s a few objections: the book is so effective its techniques will be adopted by everyone, and the book is based on flawed survivorship bias so the techniques are unlikely to work.