How Survivorship Bias Is Costing You Money (And You Don't Even Know It)
How Survivorship Bias Is Costing You Money (And You Don’t Even Know It) Discover how survivorship bias—a cognitive trap born from WWII bomber analysis—distorts investment strategies, startup success rates, and trading decisions. Learn to see what’s missing. The Bullet Holes That Saved Thousands of Lives It’s 1943, and Allied bombers are getting shredded over Europe. Planes limp back to base riddled with bullet holes, and the top brass has a problem. Where do they add armor? The logical answer seems obvious—reinforce the areas with the most damage. ...