Re:Is grit the true secret of success?
by stdbrouw on Sunday May 08, 2016 @01:15PM
(#11654764)
> Very true. It's a lot easier to look at failures and understand why they failed than look at successes and understand why they succeeded. I would read the hell out of a book full of accurate postmortems of failed businesses, products, movements, governments, etc.
Survivorship bias actually works both ways: by studying only the failures you are quite likely to misunderstand what made them fail and you might zero in on characteristics that are actually shared by many successful businesses.
Survivorship bias actually works both ways: by studying only the failures you are quite likely to misunderstand what made them fail and you might zero in on characteristics that are actually shared by many successful businesses.