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Monday, July 25, 2005

Changing and adapting minds (2)

I posted before about changing your mind and adjusting. Let me put it again with the words from this writer (adjusted by me):

Some of us think success and being right are one in the same thing. That is wrong . The truth is that it’s OK to be wrong; just don’t be wrong for long. In other words, cut those losses short.

Each investor must look at himself in the mirror and ask what is more important – being right or making money? If profit is the ultimate goal and not pumping the ego, be wrong but adjust.

I totally agree.

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