History Is Written by Winners

摘要

Master cynic joe queenan once cited an expert with an interesting take on those heartwarming tales of dolphins ferrying drowning swimmers back to shore. It could be that people are often taken in the other direction; you just never hear their stories.rnSurvivorship bias. Think about it whenever you hear heartwarming tales of profits being made. On page 80 Susan Adams tells the saga of a family coining money by buying Picassos and Modiglianis and sellingrnthem a while later. Could you do the same? Maybe. But bear in mind that if there are families losing their shirts on art, they probably aren't getting five-page spreads in magazines.