... is a tribute to the resilience and power of the entrepreneurial spirit.
It is a story of society’s outcasts finding success through unconventional means.
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Wonder is said to be a childish emotion. However, as adults, we experience it when gaping at something unexpectedly spectacular.
Adam Smith, an 18th-century moral philosopher, describes wond...
The bodily symptoms of this strange appearance point to three dimensions:
At the mild end of this emotion, we talk about things being marvelous. More intense emotions might be described as astonishing. The extreme of this experiences is met with expressions of awe.
Survivorship bias is a logical error that twists our understanding of the world and leads to a wrong understanding of cause and effect.
We fall into survivorship bias when we assume that suc...
When we only pay attention to the exception above the normal, we end up misunderstanding reality. While there is much to learn from the anomalies, it would be a mistake to expect the same results from doing the same things.
Survivorship bias leads us to think that coincidence is a correlation. We want the encouragement from survivorship bias so we can believe in our own capabilities, but it results in an inflated idea of how people become successful.
The fact is that success is never guaranteed. It does not mean that we shouldn't try, just that we should have a realistic understanding.
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