Why Advice From Highly Successful People Is Misleading (and Thus Potentially Harmful)

by Charles Hugh Smith
Of Two Minds

How can all those checklists of highly successful people work when a majority of competitors are following them?

Back in June I explored The Unknown Unknowns and Survivor Bias. It turns out that listening to the handful of people who make it big is intrinsically misleading: Survivorship bias: why 90% of the advice about writing is BS.

Here’s how this works: big-bucks Author Z says, here are the 10 steps you need to take to become as successful as me. The list always mentions perseverance, being nice to your readers, writing 1,000 words a day and so on.

The 99.9% of writers/authors who make less than $10,000 a year from their writing (and the 99% who make less than $1,000) take this list as a script or program that if followed, will yield great success. But the 99% follow the script and do the 10 things and discover they are still unknown and not making any money.

Continue Reading at OfTwoMinds.com…

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