Author Topic: FOMO  (Read 1160 times)

jfan

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FOMO
« on: June 24, 2020, 08:05:09 PM »
Just curious to have people's opinion in terms of controlling one's behaviour with respect to FOMO?

Environmental design?

Process design?

Barriers to prevent bad behaviour or cheating?

Emotional hacks?

Rewarding adherence to a pre-set process?

Thanks for your thoughts.


LC

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Re: FOMO
« Reply #1 on: June 24, 2020, 08:12:53 PM »
Trying to imagine what I would think looking back on this decision in 25 years.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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Gregmal

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Re: FOMO
« Reply #2 on: June 24, 2020, 11:52:41 PM »
Just buy a marginal amount and then watch it. Same goes for fear driven selling. Sell a little and see how it sits with you a short while later.

cherzeca

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Re: FOMO
« Reply #3 on: June 25, 2020, 09:22:28 AM »
I agree that buying a toehold can make sense. selling half and taking profits always makes sense.  but this is a psychological issue, and you have to figure out your own best method of dealing with regret. for some, regret of not-doing is bigger than doing.

BG2008

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Re: FOMO
« Reply #4 on: June 25, 2020, 09:43:50 AM »
Just buy a marginal amount and then watch it. Same goes for fear driven selling. Sell a little and see how it sits with you a short while later.

This is an incredible and practical tool.  Years ago, I used to respect people who do a ton of work upfront before they buy.  There really is something about buying 1% of a company that really forces you to watch the company.  Ownership of stock forces me to do more work. 

rb

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Re: FOMO
« Reply #5 on: June 25, 2020, 11:18:56 AM »
How about Just Say No!

rb

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Re: FOMO
« Reply #6 on: June 25, 2020, 11:19:29 AM »
Just buy a marginal amount and then watch it. Same goes for fear driven selling. Sell a little and see how it sits with you a short while later.

This is an incredible and practical tool.  Years ago, I used to respect people who do a ton of work upfront before they buy.  There really is something about buying 1% of a company that really forces you to watch the company.  Ownership of stock forces me to do more work.
There's that old saying that you never know a company until you own the stock.