How to Avoid Survivorship Bias

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This is a clip from David Elikwu’s conversation with Luca Dellanna on 📙The Knowledge Podcast 🎙️
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David speaks with Luca Dellanna, a management advisor and author.

Luca is the author of multiple books, including "Ergodicity" and "Best Practices for Operational Excellence".

His work emphasizes the importance of understanding risk, maximizing longevity, and making high-quality decisions in various domains.

#ergodicity #compounding #opportunities #average #decisionmaking #excellence #scalingpeople #howbigthingsgetdone #thinkinginbets #antifragile

They talked about:
💡 The concept of ergodicity: Survival matters more than performance, and irreversible losses can absorb future gains.
🚧 The importance of avoiding extremes: Finding a balance between extremes is crucial to minimize risks and maintain well-being.
📊 Optimise for average: Consistently being average over time can lead to being above average in the long run.
📋 The role of good coaches and managers in providing actionable feedback: Maintaining skills, culture, and reducing risk through regular maintenance is crucial for long-term success in organizations.

📜Full transcript:

👤 Connect with Luca:

👨🏾‍💻 About David Elikwu:
David Elikwu FRSA is a serial entrepreneur, strategist, and writer. David is the founder of The Knowledge, a platform helping people think deeper and work smarter.
🐣 Twitter: @Delikwu / @itstheknowledge
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