Survivorship bias

The misconception here is that you should focus on the successful if you wish to become successful, while the truth is that when failure becomes invisible, the difference between failure and success may also become invisible.

You see…

If all you’re looking at are other people’s successes, you could be missing the most important lessons for getting ahead from those who got it wrong.

If you spend your life only learning from “survivors”, buying books about successful people and reading property investment success stories, your knowledge of the world will be strongly biased and enormously incomplete. The trick when looking for advice is to not only learn what to do, but also look for what not to do.


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