Analyzing prices is not wrong. However, picking inflated prices as your only source of information is terrible.

Fear-of-missing-out is more powerful than fear of losing.

The combination of our natural desire to be better than our peers, our faulty assumption of dodging risk, and our flawed belief of having better chances than others, pushes us into excessive greed territory. We take more significant and sometimes fatal risks.

Fear of missing out single-handedly caused every single investment bubble inhuman history. No other emotion is more powerful than FOMO.

It is always better to avoid hyped stocks and desire to double your money in no time.

If the buyers believe that they can sell assets to other buyers at a higher price, then the purchase price becomes irrelevant.

in a rising price environment, party culture and a gambling mindset take over. People think it is easy to make money, and it is fun. The stock market is a big giant casinowhere the odds are in favor of gamblers. The more you play, the more you win. However, the facts are precisely the opposite.

In a rapidly rising market, the stretch of prices between two points of time is amplified, then so is the general public’s behavior towards prices.

When enough people believe that prices will keep rising forever, a bubble starts.