Actually the percentages say otherwise.
I've decided to pick the famous 1984 draft but its round about this time draft picking becomes a science. In 32 drafts, 23 players have been all stars or All NBA (excluding Wiggins and Towns who are going to be all stars), there are 3 HOF's confirmed and at least 9 future HOFers. Out of the 32, the only true busts are Joe Smith, Olowokandi, Kwame Brown, Andrea Bargaini, Anthony Bennett (as I don't count injury problems as a true bust but more bad luck).
Out of the 5 busts; Clippers, Wizards, Raptors, were 3 of the 5 and they were/are historically incompetent.
That's a 5/32 bust ratio, which I'd take any day over a very solid player who has only really had 2 good seasons.