Fear of Missing Out – or FOMO

It is easy to get caught up in the latest fad or rush to invest in instruments or products that have been recently doing well and who does not like to make a fast buck. But in the attached article, the ex President of the German Central Bank Bundesbank and and current head of of UBS bank, throws caution to the wind.

When asked to present his views on Crypto – he is quick to point out that sometimes it is better to be late at the party and you do not want to go to the wrong party. UBS manages wealth for clients for generations and is wary about steering assets under management to latest fads or products with questionable intrinsic value in the long term. Mania’s start, gather steam, reach manic proportions and sometimes fizzle out. It is important to know what stage of the ride you decided to get in.