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The FOMO Economy: Is Everyone Making Money But You?
Whether you’re into Crypto or meme stocks or real estate, at times even professional investors cant resist the FOMO.
13 Jun 2021, 03:06 PM IST
(Bloomberg Businessweek) -- Billionaire trader and investor Stanley Druckenmiller bought Bitcoin after watching its price go up and feeling the fear of missing out, aka FOMO. “I felt like a moron,” he said in an interview with the online news site the Hustle in May. He cashed out part of his $20 million bet after prices soared—“my heart’s never been in it”—but described the stampede of money managers into the cryptocurrency as an ele...
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