Vladimir Okhotnikov: how to avoid becoming a victim of FOMO

The “Greater Fool Theory” provides a clear understanding of crowd behavior. During peak periods, people, especially first-time investors, rush to buy rising homes or stocks in hopes of selling them at a much better price.

The higher the excitement, the more buyers. But any purchase means that the seller finds a “fool” - someone at whose expense he will make a profit. Then the bubble bursts, after which the end buyers, who are always the vast majority, are left with a rapidly depreciating asset in their hands.

In his article, Vladimir Okhotnikov shares secrets on how to avoid becoming a “fool” who is left with depreciating assets.

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