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Survivorship Bias - The Misconception: You should focus on the successful if you wish to become successful. The Truth: When failure becomes invisible, the difference between failure and success may also become invisible

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Illustration by Brad Clark for "The U.S. Department of War Math." LOVE IT!

from JournalCetera

Craps against the high-rolling dark siders

A little over a week after Putin rolled the dice in Crimea it is beginning to look, at least politically, as if it may just pay off. Did he bank on the West's complacency and disarray? Did he realize that we would not go to war over this? Did he read our weakness? If so, it was a masterful play....

Survivorship Bias | The Misconception: You should focus on the successful if you wish to become successful. The Truth: When failure becomes invisible, the difference between failure and success may also become invisib…

The Misconception: You should focus on the successful if you wish to become successful. The Truth: When failure becomes invisible, the difference between failure and success may also become invisib...

Survivorship bias http://en.wikipedia.org/wiki/Survivorship_bias