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I think investors get FOMO when they see other companies buying things and think "oh shit maybe I'm missing out on this great opportunity" and reactively buy so
by klysm 4y ago
I think investors get FOMO when they see other companies buying things and think "oh shit maybe I'm missing out on this great opportunity" and reactively buy something that fits the trend in their space.
- brookst 4y agoThis, though a sophisticated investor will call it “option value” rather than FOMO.