Chasing the next big thing and FOMO

22/01/2021 8 min

Listen "Chasing the next big thing and FOMO"

Episode Synopsis

The fear of missing out (FOMO) on the 'Next big thing" is a very real dilemma that most people face. In recent times the parabolic rise in an investment like Bitcoin has brought this is the fore and is a great example of how FOMO affects people's decision-making.  The danger lies in the emotion of FOMO overriding the ability to truly recognize the risks inherent in the investment.
This episode discusses this phenomenon and provides insight into how to take a step back and base your decision making on the right principles. The episode includes an interview that Greg did with Simon Brown on his morning show called MoneyWeb Now.