Survivorship Bias in Searching the Extremes (podcast)

“By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.” — ConfuciusWe credit ourselves with our successes. What you're willing to risk may come down to what you lack. If you feel you lack skill, that's what you'll test. If you're uncertain about what you believe, you'll aim for truth. If you feel yourself undeserving, you'll seek virtue. And if you lack beauty in your life, then you might risk your life to find it…Pursuing rewards at great risk is an incomplete formula. Risk tolerant people may use this formula because they feel they are immune from harm. But if you have to take big risks to maintain your state of mind, are you playing a winning or a losing game? Maybe success is something you start with rather than aim for.— Science, Business, and Relationships— Celebrating The Winners— Don't Follow the Leader— Survivorship Bias This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit mindstrengthbalance.substack.com/subscribe