We are reaching the part of the business cycle where this article seems prophetic. When luck plays a big role in success, the winners are often those who got lucky after taking massive risks. If you learn from them, you learn the wrong lessons. More: https://
open.substack.com/pub/oneusefult
hing/p/when-survivorship-bias-meets-superstitious?utm_source=direct&r=i5f7&utm_campaign=post&utm_medium=web
…
Survivorship Bias in Business Cycles: Learning Wrong Lessons
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