2min chapter

The Joe Walker Podcast cover image

The Silent Hero Of The Australian Economy - Ian Macfarlane

The Joe Walker Podcast

CHAPTER

The Problem With Survivorship Bias

Michael Barr predicted a recession in Australia 20 years ago. It only happened one year and 20, so you've got a success rate of 5%. So Australia avoided the great recession. We now have this unprecedented economic expansion heading into its 28th year. If I had followed your advice, I would have lost a lot of money.

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