757: Annie Duke | The Power of Knowing When to Quit
The Jordan Harbinger Show
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The Danger of Survivorship Bias
Survivorship bias leads us to believe that sticking to something will lead to success, but this is not necessarily true. The success stories we hear about are often not representative of the average experience. Instead of blindly following these stories, it is important to recognize that what works in retrospect may not work prospectively. Successful individuals often had to go through multiple failures and attempts before they achieved success. The key is not just sticking to one thing, but being willing to try different approaches and quickly abandoning what is not working in order to move on to a better idea.
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