Ep. 861: Patrick McGinnis Interview with Michael Covel on Trend Following Radio

Patrick McGinnis
Patrick McGinnis

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What are you really missing out on?

You’re home on a Friday night, scrolling through Instagram, ready to go to bed.

You see pictures on your timeline of a party you were invited to, but didn’t go to. You were confident when you said no, but now you can’t stop thinking about it, and you start feeling worse.

You have FOMO, or, Fear of Missing Out.

Coined in a Harvard Business School article, FOMO has become a global term to describe the decimating anxiety when thinking other people are having better, more fulfilling, experiences than you are. It’s a natural, biological response, but that doesn’t make it feel any better. Amplified by the rise of social media, #FOMO has become a cultural crisis―so what’s the cure?

Patrick McGinnis, creator of the term FOMO, has been thinking about it for seventeen years―and he has a solution: decision-making. Learning to weigh the costs and benefits of your choices, prioritizing your decisions, and listening to your gut are central to silencing FOMO and its lesser-known cousin, FOBO: Fear of a Better Option. After all, don’t you want to feel comfortable and confident in your decisions?

Bio: Patrick J. McGinnis is a venture capitalist and private equity investor who founded Dirigo Advisors, after a decade on Wall Street, to provide strategic advice to investors, entrepreneurs, and fast-growing businesses.

In this episode of Trend Following Radio:

  • Overwhelming Choice
  • Decision-making
  • Fear of a Better Option (FOBO)
  • Fear of Missing Out (FOMO)
  • Social Theory at HBS: McGinnis’ Two FOs

Mentions & Resources:

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