Drawing on samples of professional observers of world politics, this article explores the interrelations among cognitive style, theoretical outlook, and reactions to close-call counterfactuals. Study 1 demonstrated that experts (especially high scorers on a composite measure of need for closure and simplicity) rejected close-call counterfactuals that redirected history when these counterfactuals undermined a preferred framework for understanding the past(the "I-was-not-almost-wrong '' defense). Study 2 demonstrated that experts (especially high scorers on need for closure and simplicity) embraced close-call counterfactuals that redirected history when these counterfactuals protected conditional forecasts from refutation (the predicted outcome nearly occurred-so "I was almost right"). The article concludes by considering the radically different normative value spins that can be placed on willingness to entertain close-call counterfactuals.