We’ve all heard of FOMO by now, “fear of missing out.” Well, I’m going to invent a new one: FOBTE, which is short for “fear of being too early.”
I find myself not having enough FOBTE because time and again I see the completely obvious and it takes a year or two or even a decade to actually do the thing I can see. This problem is not quite so bad in equities but it is still a thing.
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