Re:Super successful companies
by bsirkia on Wednesday January 15, 2014 @04:48PM
(#7066418)
This is an awesome article explaining carsongross's point on survivorship bias: http://youarenotsosmart.com/2013/05/23/survivorship-bias/
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Re:Super successful companies
by hayksaakian on Wednesday January 15, 2014 @05:01PM
(#7066491)
thanks, that was a great article. my favorite quote:
> After any process that leaves behind survivors, the non-survivors are often destroyed or muted or removed from your view. If failures becomes invisible, then naturally you will pay more attention to successes.
another one:
> As the psychologist Daniel Kahneman writes in his book Thinking Fast and Slow, “A stupid decision that works out well becomes a brilliant decision in hindsight.”