# FOMO

*Behavioral Finance — Finicade finance glossary*

FOMO is buying because others are making money rather than because of any assessment of value. It's herding with a social media accelerant, and it reliably peaks near tops, since that's when the gains being displayed are largest and the stories loudest. The structural defence is a written investment policy that specifies what you buy and when, decided while nothing exciting is happening.

**Also known as:** fear of missing out, chasing performance

**Related terms:** [Herding](https://finicade.com/glossary/herding), [Recency Bias](https://finicade.com/glossary/recency-bias), [Meme Stock](https://finicade.com/glossary/meme-stock), [Crypto Winter](https://finicade.com/glossary/crypto-winter), [Behavioral Gap](https://finicade.com/glossary/behavioral-gap)

Source: https://finicade.com/glossary/fomo