Most of the inspirational success stories we see give out advice like waking up at 5 AM in the morning or eating a well-balanced meal. Those are important, but we should not overlook those who were unsuccessful.
We should learn from their mistakes and be careful not to repeat it for ourselves. We need to find our own recipe for success. Lastly, we need to consider the role of luck in our lives because it is rare to stumble upon something valuable to increase our chances of success.
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"I think the next best thing to solving a problem is finding some humor in it." -Frank Howard Clark
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Similar ideas to Avoiding survivorship bias
We tend to be interested in the success stories of many. We love the encouragement it provides us, but we often overlook the fact that most of these success stories have undergone through many failures.
Survivorship bias is when we concentrate on the peopl...
We tend to overestimate the chances of success because success stories are more likely to be reported, while failure stories do not.
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How to elude the survivorship bias?
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