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Business Advice Plagued by Survivor Bias

Advice from “successful entrepreneurs” might be unreliable due to Survivor Bias. What’s real, and what’s random? Do you read articles written by a founder who failed three times, never finding success? No, because you want to learn from success, not hear about “lessons learned” from a someone who hasn’t yet learned those lessons themself. However, the fact that you are learning only from success is a deeper problem than you imagine. Some stories will expose the enormity of this fallacy. Bullet h...

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