Summary: We judge by the visible winners and never see the losers. Trading mentors show students who succeeded; friends post leveraged gains, never wipe-outs. Send 20 people to buy lottery scratch cards and film only the winner, and it looks like you teach winning.
Key ideas
- Quick-riches mentors (day trading etc.) show only their successful students (lazy-investing—108-the-leverage-trap, tamir).
- The gambling-friend pattern: wins get shown, losses don’t, so social feeds systematically overstate leveraged returns (lazy-investing—108-the-leverage-trap).