Do you know someone who has this inherent need to be right all the time?
I mean all the time!
It can be very annoying.
They just can’t admit to being wrong.
When they are wrong, they’ll sort of turn away and ignore the situation.
And how about an apology?
Forget it!
What stops some people from apologizing?
Why do some people refuse to acknowledge these (sometimes) minor shortcomings or errors?
Really – it comes down to a lack of self-confidence.
Everyone is wrong occasionally. (OK, not me.)
But what about making money? How can you make money when you’re wrong?
When I was learning to day-trade currencies, one of the trainers had a strategy where he was probably going to be wrong 80% of the time.
And yet, he made great returns on the 20% of the time he was right.
Which reminds me of an excellent quote on the subject.
It comes from one of the greatest investors in the world, George Soros (some people really hate this guy, but I won’t get into that!).
Here’s his philosophy…
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
It’s an absolute truth and one I live by, and have made a ton of money from. (OK, truth – I’m wrong less often when investing than I am in life.)
When investing in small-cap stocks, I’m right most the time. But, I can show you an example where being right only 50% of the time still nets huge returns.
178% actually.
That’s the example I use in my report: Discover the Secret to Exponentially Grow Your Net Worth.
It’s a FREE report.
Even if you’re not an investor, you should read a copy of this report.
Think of it as part of your financial literacy or education.
In that light, it’s important to know about alternative opportunities that exist in the world of finance. After all, who isn’t interested in improving their financial position?
You never know when circumstances might change, and it makes sense to have the information on stand-by, just in case you need it.
Being wrong is OK.
Being ignorant isn’t, especially when you have the opportunity to learn – for FREE!
You won’t go wrong learning about what exists with this type of opportunity: www.exponentiallygrowyournetworth.com/
