I’m no finance expert, but I’ve been semi-adjacent to finance stuff enough to end up in conversations with tons of friends/family about what makes for investmen

I’m no finance expert, but I’ve been semi-adjacent to finance stuff enough to end up in conversations with tons of friends/family about what makes for investment returns in everything from tech startups to US equities to crypto coins and have coined a tongue-in-cheek maxim: Reesman’s First Law of Investment Success Evaluation: As concerns returns, that which can explained by survivorship bias is due to survivorship bias.