The Dangers of Being Right About the Market

It feels good to be right – to have “called it” when it comes to the market or individual stocks.

But the flip side to that is it must then feel bad to be wrong…

And since we don’t like feeling bad, it then becomes difficult to admit when we’re wrong.

And when we refuse to admit when we’re wrong, we refuse to cut our losses… to make necessary strategic pivots – and end up losing more in the end.

The only way to avoid this is to stop caring about being right – so you won’t feel bad when you’re wrong.

Focus on the bottom line – at the end of the day, that’s all that matters.