[Premise 1:] Most people who start business[es] (Abbreviate as 'entrepreneurs')
ignore statistics of failure. (Abbreviate as 'ignorers')
[Premise 2:] Most people who ignore statistics of failure (designated as 'ignorers') are stupid.
[Conclusion:] Therefore, most people who start businesses are stupid.
... Okay now let me say immediately that I think this this argument is a fallacy and further more that its conclusion is false. But, how can we see that this argument is a fallacy. ...
I already understand, and so ask NOT about, refutation of the above by parallel reasoning (Prof Neta does this following the quote above, in the video). Instead, without appealing to refutation by parallel reasoning. please explain what's wrong with the above?
I tried to depict the above, but my sketch below only supports the fallacy. Where are the problems?