Ep. 10 - Barry Ritholtz on Survivorship Bias, Thinking Independently, and Creating Meaning in Life
The One Percent Show with Vishal Khandelwal
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The Top Decile of Everything Is Where You End Up
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.
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