I was wrong, you were right

Six difficult words.

Even in situations when this is very obvious, you often don’t need to say them.
You can just move on.

But let’s suppose you do say these six difficult words.

It shows you can discern when you are wrong.
It shows you are secure enough in yourself to be ok with being wrong.
It shows you are willing to be in open communication with the other.

And what could the result be?

Trust, respect, a willingness to have the same openness with you.

All that for only six words.