TL;DR

Driven by FOMO and lacking understanding of Monday.com’s actual business, John lost savings chasing hype. This echoes past bubbles where excitement trumps due diligence, reminding us history’s lessons are often ignored.

Story

John, a hopeful investor, saw Monday.com’s stock soaring. He didn’t understand their business, but figured others knew something he didn’t. Driven by FOMO (‣ Fear Of Missing Out: The anxiety of missing a profitable opportunity.), John poured his savings into Monday.com. The stock dipped, and John panicked, selling at a loss. He’d fallen victim to the hype, not understanding the underlying company.

This isn’t new. Remember the dot-com bubble? (‣ Dot-com Bubble: A period of rapid growth and speculation in internet-based companies in the late 1990s, followed by a market crash.) Investors, blinded by excitement, ignored fundamentals. History doesn’t repeat, but it often rhymes. Today, complex businesses like Monday.com can be just as opaque as the early internet ventures. Due diligence (‣ Due Diligence: Thorough research and analysis before making an investment decision.) is crucial.

Like a house of cards built on buzzwords, these investments can collapse when reality hits. John’s story is a cautionary tale: Don’t invest in what you don’t understand. The market rewards informed skepticism, not blind faith.

Advice

Don’t let FOMO drive your investments. Research before you buy, or you might end up like John—holding the bag when the hype fades.

Source

https://www.reddit.com/r/wallstreetbets/comments/1im9q9v/i_dont_even_know_what_mondaycom_does/