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Why billionaire dropout stories can be misleading for young Indians, says Edelweiss MF chief
Viral lists of billionaire entrepreneurs who dropped out of school or college may be inspiring, but they can also create unrealistic expectations, says Edelweiss Mutual Fund President Niranjan Avasthi. He argues that these founders succeeded despite leaving formal education — not because of it — and warns against survivorship bias.
Niranjan Avasthi said such examples reflect survivorship bias, focusing on rare success stories while ignoring the many who followed the same path but failed.