kugusha 🦋
@kugusha.eth
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"Eye-popping returns, naturally, cause two subsequent reactions: FOMO from those who didn’t generate 195% returns, and pride from those who did. The former is the foundation of every bubble ever: you see someone made a lot of money buying a thing and, after resisting for months, you capitulate and throw some money in as well. Then someone else does. ... That’s FOMO.
The latter group however, is the one I find more intriguing: What if, instead of chasing the FOMO, you were ahead of it? What if you’re the one who made “f*ck you money” on a trade gone right? If that’s you, you’re actually in a more dangerous position than your FOMO-chasing counterparts, because money easily made is easily lost, and the only thing worse than not making life-changing money is losing the life-changing money that you just made."
- from Young Money newsletter by Jack Raines
Why is it so hard to hold on to the money we made? 1 reply
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