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There Is Only One Cure For FOMO
If You Choose A Life of Investing and Trading There Will be Many Booms
Howard Lindzon
November 14, 2024
Good morning from London.
I am headed to the largest cycling show today in London which is organized by Matteo Cassina the owner of Rouleur. Matteo is ex Goldman, Citadel etc etc and decided to get out of of the banking and the world of fear, greed and FOMO after 25 years to do what he loves. This is a fun read in which he covers it all.
I spent a lot of time with him yesterday talking cycling, media, and publishing. I am excited to meet founders of some of my favorite cycling brands. It might be expensive for me. Ellen and Rachel are going to see Taylor Swift in Toronto so maybe not as expensive as them!
I think Matteo has FOMO beat. Because of my day jobs, FOMO is always around me. I have received at least 50 texts from very smart friends telling me about the memecoin or option or stock they sold three days ago that has since triple mooned again!
My pal Dr. Phil who joins me every week on Trends With Friends and is my go to behavioral psychologist wrote this great post back in 2021 titled ‘The Cure For Fomo’. Do read it and bookmark it for sharing, but here is the gist:
The Cure for FOMO
The key to curing FOMO is to shift away from comparing yourself to others and towards comparing yourself to you.
We can begin making this shift by taking up hobbies that promote competition with self.
Distance running and resistance training are two good ones. Both promote the shift towards comparing yourself to you plus both promote wellness.
So, pick one or both or something similar like cycling and set a goal. My present goals are 20 pull-ups and a sub 50 minute 10K and I've got some work to do.
Once you have done this and spent a solid month working to improve your time or bench press or whatever, come back and read the last section below.
Now get back out there and sell…or buy!
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