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You're never wrong, even when you are hey Freckle. Circular argument? Sounds like every conversation with you I've seen on this forum.

It's the words "of each" that suggested it to me. So 50% of both optimists and pessimists are wrong, depending on the situation. I'm bemused how you didn't get that, I'm baffled ;)

Paul did actually say that, if you read his comment. He said during a falling market the pessimists are the ones that don't suffer, while during a rising market the optimists tend to do well.