5 ms·
Have you heard the term survivorship bias? Billionaires got so rich by being outliers, for better or worse. Even if they were guaranteed to be the best just goi
by Nasrudith 2y ago
Have you heard the term survivorship bias? Billionaires got so rich by being outliers, for better or worse. Even if they were guaranteed to be the best just going all in with one action in their portfolio isn't even what their overall strategy. Zuckerberg can afford to blow a few billion on a flop because it is only about 2% of his net worth. Notably, even he while poised and groomed for overconfidence by past successes and yes-men doesn't trust his own business acumen all that much!