| ▲ | willturman 14 hours ago | |
> 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]. | ||