The Circle of Competence: Your Best Weapon Against FOMO
We live in an era of constant noise. On any given day, your social media feed or WhatsApp groups will flash stories of someone making 3X on Gold or Silver quickly, or someone else making a killing in Crypto or in a hot new real estate project in Gurugram. It is incredibly tempting. It triggers a deep sense of envy: "Why am I sitting on the sidelines while everyone else gets rich?" When FOMO kicks in, your subconscious mind takes over. Before you know it, you are allocating capital into a trendy asset class just to chase that same "killing." Unfortunately, for most people, this story does not end well. Before jumping in, we rarely stop to ask ourselves the hard questions: What unique insight do I have about this asset that the general public doesn't? Where exactly are we in the cycle of this commodity or real estate market? Am I among the last ones holding the bag after the asset has already run its course? Every buyer has a seller. Do you genuine...