Tuesday, April 23, 2019

Siri, what is survivorship bias?


So this pic went viral on Twitter today.  Aside from a misleading case of survivorship bias, it also completely ignores the big breaks that each founder caught.  Malcolm Gladwell even wrote an entire book about it, and it was so popular that even I read it.

Not saying we all could succeed "if only we had that rich uncle", but there's no need to belittle our own limitations; in most parts of the world, the economy is propelled by small businesses.

Thread below explains it well:

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