Survivorship bias - Sketchplanations

We usually only see the winners. The losers tend to disappear from the record. Which is why all the fund managers in the papers seem to be giving great returns, or starting the next Whatsapp or Instagram seems like such a sure fire way to get rich. We don’t see all the funds, apps and entrepreneurs who never made it.

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Survivorship Bias!

Survivorship Bias!

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Optimism bias - Sketchplanations

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Sketchplanations - A weekly explanation in a sketch