That's exactly my point even though the survivorship bias is higher or lower.
We shouldn't discredit advice from successful people on the grounds of survivaship bias. We should only discredit advice on grounds of merit.
The advice may have merit, but survivourship bias means it is not more credible because it comes from someone successful than the same advice from a random person.
A) One that runs a successful business.
B) One that ran a business but it failed.
C) One that have never run a business (my 5 year old).
Of A, B & C your only allowed to choose advice from one. Your saying it would not matter from which one you choose to get your advice from?
That's exactly my point even though the survivorship bias is higher or lower.
We shouldn't discredit advice from successful people on the grounds of survivaship bias. We should only discredit advice on grounds of merit.