Almost every business book and online article about how $BUSINESS or $ENTREPRENEUR became successful does this. It's infuriating. "Let's wait to see which of the 7 billion people on the planet become billionaires, and then look back and see what they did, ignoring all those who did similar things and did not become billionaires." Totally flawed, yet the public eats it up like candy.
Go read Good To Great and prepare to barf. Business schools adore this book. Look at the description on Jim Collins's web site [1]: "Start with 1,435 good companies. Examine their performance over 40 years. Find the 11 companies that became great. Now here's how you can do it too." That's literally Survivorship Bias.
Go read Good To Great and prepare to barf. Business schools adore this book. Look at the description on Jim Collins's web site [1]: "Start with 1,435 good companies. Examine their performance over 40 years. Find the 11 companies that became great. Now here's how you can do it too." That's literally Survivorship Bias.
1: http://www.jimcollins.com/article_topics/articles/good-to-gr...