Journalists are dumb because they got this cherry picked example wrong (tho 90%+ of startups in this period failed) VCs are smart because some were invested in Amazon and got rich (even though the median startup investor in this period lost almost everything) S*rv*v*sh*p b**s!https://twitter.com/paulg/status/1372189920060661764 …
They're not dumb because they got it wrong. They're dumb because they were so confident in those mistaken predictions.
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They're not even dumb because of their confidence, but their failure to approach things with humility after being so confident and so wrong.
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That doesn’t negate the survivorship/look-ahead bias! You picked the most successful company from this era, and likely the worst TV segment you could find. If an analyst presented something like this to me I would rightly castigate it. You should have even higher standards!
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