“In the world of investing, being correct about something isn't at all synonymous with being right.”
— Jim Cramer
Copied to clipboard
Simplified Meaning:
In investing, knowing that something is true doesn't always mean your decision will be the best one. For example, you might predict that a company will do well and its stock will go up. But even if you're correct about the company's success, the stock market might not react as you expect. Unexpected events or general market trends can still cause the stock to drop. So, being right about the company's potential doesn't guarantee you'll make money. To succeed in investing, you need to consider many factors, not just whether your prediction is correct. This approach helps in making more balanced and informed decisions.
Related tags
Decision making Economic principles Finance Financial wisdom Investing Investment risks Investment strategies Market psychology Right
