The top decile of everything is where you ultimately want to end up. Most stock picking is a losing enterprise. You want to launch a business, most businesses fail. Survivorship bi as is everything. Whatever you see is the result of massive failure falling by the wayside which is invisible. And all that's left is the survivors.
Barry Ritholtz is the Chairman and Chief Investment Officer of Ritholtz Wealth Management. Barry talks about using his ADHD as a superpower, survivorship bias, thinking independently in a noisy world, and creating meaning in life.