 We are all fallibilists now, but we are not all skeptics, or antirealists or nihilists. Most of us think inquiries can and do progress even when they fall short of their goal of locating the truth of the matter. We think that an inquiry can progress by moving from one falsehood to another falsehood, or from one imperfect credal state to another. To reconcile epistemic optimism with realism in the teeth of the dismal induction we need a viable concept of truthlikeness, a viable account of the empirical indicators of truthlikeness, and a viable account of the role of truthlikeness in cognitive value. And all three accounts must fit together appropriately.