Today, I delve into the concept of the need to be right in investing, recounting a story about a famous investor who shorted $200 million in technology stocks in early 1999. Despite being correct that these companies would eventually go bankrupt, the investor suffered a $600 million loss within a month due to poor timing. I underscore the irrational behavior of markets and emphasize that being right in analysis doesn’t guarantee success. I reference Benjamin Graham’s “Mr. Market” to illustrate market unpredictability, urging investors to understand the importance of timing and manage their expectations accordingly. Satovsky.com helps manage expectations.