[dragontamer]

You can be right for the wrong reasons. You can be wrong for the right reasons. You can be right for the right reasons, you can be wrong for the wrong reasons.

The problem with being "right for the wrong reasons", is that your logic fails to apply to future situations.

The "wrong reasons" in this case, is the obvious ego-tickling / ha ha the other people were wrong that's obviously intrinsic to the gambling / meme stonk trading culture. I'm sure it feels good when you're right for the wrong reasons, but I don't think it leads to long term success. ("Royal You", not you in particular, if you don't mind).

But yes, it does feel good to be a contrarian and win due to dumb luck. But I'm not sure how many times "Hertz" situations will pop up in the future. I think this ego-tickling / contrarian mindset is at the root of this behavior, at least based on the discussions I have in my social circle / meme stock traders I'm aware of.

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There's also "wrong for the right reasons", which is my preference in general. You generally want to be wrong today, if it means that your logic holds for most future cases.

[jraby3]

A simpler way to say this is you can have a correct bet and a bad outcome and an incorrect bet and a good outcome.

If I were to offer you $1 for heads and $3 for tails and you chose heads and lost, I’d win the bet but it’s still a bad bet.

[lcnPylGDnU4H9OF]

Sounds like I was wrong for the wrong reasons too. (I lose the bet and it was a bad bet.)