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by willturman
174 days ago
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> And why is grit such a good indicator of successful founders? Based on what? Biographical accounts by successful founders? Nassim Taleb's Fooled By Randomness [1] covers the topic of mis-attribution of some causal factor X (i.e. grit) to some phenomena (i.e. business success) that can be effectively explained solely by randomness. In the specific case of successfully starting a business, causal factors are often mis-attributed post-facto through a lens that blatantly ignores survivorship bias [2]. [1] https://en.wikipedia.org/wiki/Fooled_by_Randomness [2] https://en.wikipedia.org/wiki/Survivorship_bias |
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