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The book Fooled by Randomness on the other hand argues that the picture painted by The Millionaire Next Door is skewed by a double survivorship bias: it describes people who not only saved more than they spent, invested, etc. but also

(a) Happened to pick the stocks that outperformed the market, and (b) Invested during one of the strongest bull markets in history.

(Not to say who's right or wrong, just wanted to bring up an interesting counterpoint.)




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