What this bias really tells us that knowledge about failures and how to prevent them is even more important that steps to success.
Yes, the world is completely random, and suppose it's like dice throwing. So to maximise your profit, you need to stick to two simple rules:
- Make sure that next throw doesn't wipe your out of the game.
- Maximize number of attempts per unit of time.
The belief that success is completely luck-based is useless, unless there's a uniform distribution of 'success' over all types of people and their strategies. That is, even if I leave my job now without any verified product, I have the same chances to establish a profitable business, then a guy who already has paying customers.
The belief that success is completely luck-based is useless, unless there's a uniform distribution of 'success' over all types of people and their strategies. That is, even if I leave my job now without any verified product, I have the same chances to establish a profitable business, then a guy who already has paying customers.