Mike Taylor - Is copying success a good strategy? Or should you be wary of survivorship bias? A debate - S3 Ep4
Champagne Strategy
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The Uncertainty of Financial Decision Making
People are quite susceptible to this survival ship bias, right, we're making decisions. People who have had some luck will probably be more confident and that confidence can become a self-fulfilling prophecy. There's an amazing scene in the office where he says, you always throw away 50% of the resumes you get at random, because you don't know how someone who's unlucky is going to turn out. So I do think it's still incredibly helpful to have selection bias, right? To only focus on the successes,. If an agency can't even manufacture like a fake case study, then you know that they're not very good, right? Like they're in the 95%. But
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