Survivorship Bias: studying successes, when the critical learning comes from failures. (This is why venture capitalists value failure.) EXAMPLE: WWII bomber armor placement: The holes in the surviving planes reveal the locations that needed the least additional armor. Look at where the survivors are unharmed, he said, and that’s where the bombers are most vulnerable; that’s probably where the planes that didn’t make it back were hit.
Too often I read or hear success tips and advice that might fall for the survivorship bias. Only trust solid data without some bias if you want to follow smart advice! #survivorshipbias #data #mindset #success #hustle