1 min read

Better to be RICH than RIGHT

When given the choice, what do you prefer?

There are many who like to predict the market, they publish on twitter or 𝕏 and then re-publish their predictions when they're right.

Maine bathaya (I told you so) or something that to that effect.

In investing and trading, it is better to be rich than right.

What that means is that, even if you're wrong, you can still make money. Many are right, but do not have skin in the game, nor bet big enough (with conviction) - so they don't make real money.

Investing is a long term game. It's a game of heads I win, and tails I lose less.