Recently we have all been trying to make sense of the World around us. When we come across the unknown or something less familiar, we tend to either shy away or try to make sense of it by drawing parallels or to find links to identify similarities in what we do know.
This is when we need to consider what we read, why we are reading it and where are we reading it from. Look at the following popular acronyms of a few decades back, POTUS, AWOL, MIA, B2B, B2C… many of us know these but seldom frequent them in the media today. In more recent times short messaging has popularised IDK, LMK, LOL, LMAO and others. Today we are hit with the likes of DYOR, FOMO, HODL, ICYMI, WFH and YOLO… This may be the wrong conclusion, but I see there is a link in what is going on in the world with mass media social trends, even with acronyms!
As we look at the capital markets today, equity, debt and crypto, I cannot avoid seeing the media push on challenging your psyche, asking if you are in fear of missing out (FOMO), or caveating or questioning if you have done your research (DYOR), or reaffirming a decision to do nothing and hence HODL, and BTW, all this is happening whilst you are WFH. SML.
There is comfort in knowing what we know best, as a more seasoned veteran maybe the approach should be “Fear Not And Use Your Experience And Wisdom With Confidence” or FNAUYEAWWC for short. Let us not get caught up in the acronym and focus back on the opportunity.
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