I think a better way to put it is that all models are right given a situation / context / set of assumptions. It is important to understand the latter to apply

I think a better way to put it is that all models are right given a situation / context / set of assumptions. It is important to understand the latter to apply the model. I would highly recommend reading Chapter 3-5 (Epistemology) of Objectivism by Leonard Piekoff. It's a much more logical and easy to understand take on these same ideas.