Wrongness has two dimensions: reversibility (self-explanatory) and depth. Deep wrong is like walking off a roof thinking there’s solid ground below. Shallow wrong is like thinking New York is the capital of the US. It may or may not cascade into deep/irreversible.
Wrongness wealth budget varies by activity. I’m like 3-6 months rich on consulting activities (survival economics is least forgiving), 2-3 years rich on writing activities, 4-5 years on friends/family interpersonal relationships (the most forgiving)
Billionaires can be like 10-20 years deeply wrong about everything. It means they have a tiny chance of doing things nobody else can risk, but a very high chance of disappearing past their own “deep and irreversibly wrong” event horizon unless they take mitigation measures.
Interesting insight. NB There is also "wrongness" in the sense of "socially unacceptable". But this may be right in a moral or factual sense (think Socrates, Galileo)! Being rich enough to be wrong is also being rich enough to be right in new and interesting ways.