Being Right Is Very Hard

On the other hand, being less wrong is not so difficult. There is a reason that some overlook. Right is like a snapshot. It depends on all the factors that make it right, and while they may be all aligned right now, it is unlikely they will remain the same forever. Right is not very durable

Right is a goal-seeking approach.

Being less wrong is a process or system. It changes as information changes and eventually evolves to a method that works. It might come up with the same answer as the find the right solution method, but that’s unlikely.

If you have an outcome you favour that takes a long time to come together, the process will be more likely to be accurate. You will have adjusted to new or different variables. Sometimes those changes are enough to put the perfect answer into the trash bin. Two years ago, you might have been confident about inflation at 2% or less. The perfect plan then would blow up with inflation at 8%.

When you are trying to be less wrong, you adapt sooner. The ability to adapt is a super-power. Don’t put yourself in a position that requires you to defend your right plan. Assume all plans will be wrong and work at making them less wrong.


I build strategic, fact-based estate and income plans. The plans identify alternate ways to achieve spending and estate distribution goals. In the past, I have been a planner with a large insurance, employee benefits, and investment agency, a partner in a large international public accounting firm, CEO of a software startup, a partner in an energy management system importer, and briefly in the restaurant business. I have appeared on more than 100 television shows on financial planning and business matters. I have presented to organizations as varied as the Canadian Bar Association, The Ontario Institute of Chartered Accountants, The Ontario Ministry of Agriculture and Food, and Banks – from CIBC to the Federal Business Development Bank.

Be in touch at 705-927-4770 or by email at don.shaughnessy@gmail.com.

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