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FOMO is disastrous for company strategies

rubenugarte.com

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Re: FOMO is disastrous for company strategies

#71

Post by sph »

wincy wrote: post #32
ziddoap wrote: post #6

Earlier quoted context omitted.

There is not much that is more annoying than an author assuming the reader knows the acronyms that they want to use. This particular case isn't as bad as others, but especially when getting into any sort of technical conversation it's wildly frustrating to see multiple acronyms used with no indication of what they stand for. Then you go to look it up and there's like 29 results that fit the acronym, half of them bein…

I swear the acronym BOGO appeared ex nihilo three years ago. I’d literally never seen it before then and was very confused about what it meant, and still am convinced it’s an acronym that a marketing firm invented to sound hip. (buy one get one for anyone out of the loop)

First time I see it. Had it been used in a HN comment, I would have ranted about people inventing acronyms on the spot and expecting everybody to know them. I live in England and I've never seen it before.

English is the lingua franca of the Internet, but this example shows that some acronyms are not as global as people might think. I guess BOGO (buy one get one) might be commonplace if you shop in an American store, but anybody else that doesn't live there might not have had exposure to it before, and get quite annoyed. Same with stuff like GOP (Grand Old Party) or even DUI (Driving Under the Influence). Americans on the Internet just love to drop their three-letter acronyms on an international forum.

Acronyms are context and location sensitive. One should refrain to use them on the Internet unless you can expect anyone who's reading you to know then (i.e. FBI, WHO, UN)

Re: FOMO is disastrous for company strategies

#72

Post by bennysomething »

Animats wrote: post #45

The other side of FOMO is appearing as the US transitions to a shortage economy, like the former Soviet Union. It used to be that if something was popular, more of it would be made, and then the price would go down. Now, if something is popular, the seller is likely to restrict the supply to push the price and margins up. Buy now, while you still can. Cars. Houses. AWS S3 space. Meta's VR headgear. Meat. Most of the…

Where is the evidence that suppliers are purposely restricting supply? This would only work if there was zero competition for a product.

Re: FOMO is disastrous for company strategies

#73

Post by elcritch »

anamax wrote: post #63
KerrAvon wrote: post #53

Earlier quoted context omitted.

The United States has a nearly infinite amount of unoccupied land. What's required is the political and social will to incentivize people to build.

> The United States has a nearly infinite amount of unoccupied land. What's required is the political and social will to incentivize people to build. The vast majority of that land is not where people want to live. Building houses there won't change that.

China tried it and failed in several cases, but succeeded in a couple of cities.

Re: FOMO is disastrous for company strategies

#74

Post by kbelder »

mcherm wrote: post #17
Swizec wrote: post #13

Earlier quoted context omitted.

> There is not much that is more annoying than an author assuming the reader knows the acronyms that they want to use Sometimes you're not the intended audience and that's okay too. Constantly explaining acronyms that everyone in the audience uses daily gets frustrating too. Imagine if every article written for senior software engineers in VC-backed companies had to re-explain what PR, CI, VC and AWS stand for. Or if…

When I write, I typically DO spell these things out. > We accepted a pull request ("PR") for our continuous integration ("CI") server. As a result, CI will now automatically trigger a canary release instead of the old blue-green deployment process, except on AWS where canary releases are not supported. Note that there's no real interruption to the flow of the writing, as I only spell it out the first time it is menti…

I just wanted you to know: You are completely correct and everybody arguing with you is wrong.

Re: FOMO is disastrous for company strategies

#75

Post by dan-robertson »

wizofaus wrote: post #55
dan-robertson wrote: post #14

Earlier quoted context omitted.

My dictionary has a definition of FOMO which is more nuanced than just spelling out an acronym, and it has a pronunciation which is not just the letters said one at a time. So in this case I think spelling out the acronym is neither necessary (as articles typically needn’t define moderately well known words) nor sufficient (as the term’s meaning is more than just the expansion of the acronym).

Technically (by the original definition anyway) it's not an acronym unless you can pronounce it as a word. Most of what we call acronyms these days are "initialisms". Some of them are almost never used in speech anyway (I don't think I've ever heard anyone say 'FWIW', for instance - it's more 4 syllables than what it stands for!).

/ˈfəʊ.məʊ/

Guess it’s an acronym.

Re: FOMO is disastrous for company strategies

#76

Post by wizofaus »

dan-robertson wrote: post #75
wizofaus wrote: post #55

Earlier quoted context omitted.

Technically (by the original definition anyway) it's not an acronym unless you can pronounce it as a word. Most of what we call acronyms these days are "initialisms". Some of them are almost never used in speech anyway (I don't think I've ever heard anyone say 'FWIW', for instance - it's more 4 syllables than what it stands for!).

/ˈfəʊ.məʊ/ Guess it’s an acronym.

Yes, that was my point - technically it wouldn't be one otherwise.

Re: FOMO is disastrous for company strategies

#77

Post by refurb »

Animats wrote: post #45

The other side of FOMO is appearing as the US transitions to a shortage economy, like the former Soviet Union. It used to be that if something was popular, more of it would be made, and then the price would go down. Now, if something is popular, the seller is likely to restrict the supply to push the price and margins up. Buy now, while you still can. Cars. Houses. AWS S3 space. Meta's VR headgear. Meat. Most of the…

That's actually not happening at all and seems to completely ignore the volume aspect of profit.

Re: FOMO is disastrous for company strategies

#78

Post by refurb »

Bubble_Pop_22 wrote: post #61

I think FOMO is a great strategy instead. The point is FOMO-ing first, that is not in envy or in fear of missing out what other people are doing, but FOMO-ing because you see something in Nature or the structure of the marketplace (or both) which is an untapped opportunity. Big tech is not FOMO-ing enough against Nature nor the Market. Each of the big tech companies have lost the willingness to put distance between t…

Why do you spell Nature with a capital "N"?

Re: FOMO is disastrous for company strategies

#79

Post by Bubble_Pop_22 »

refurb wrote: post #78
Bubble_Pop_22 wrote: post #61

I think FOMO is a great strategy instead. The point is FOMO-ing first, that is not in envy or in fear of missing out what other people are doing, but FOMO-ing because you see something in Nature or the structure of the marketplace (or both) which is an untapped opportunity. Big tech is not FOMO-ing enough against Nature nor the Market. Each of the big tech companies have lost the willingness to put distance between t…

Why do you spell Nature with a capital "N"?

Why do people spell God with a capital G? Or Universe with the capital U?

The entity or thing that holds up all the secrets deserves respect. Whether you think it's a guy dressed in white with a long white beard or an ethereal entity like Nature.

Re: FOMO is disastrous for company strategies

#80

Post by refurb »

Bubble_Pop_22 wrote: post #79
refurb wrote: post #78

Earlier quoted context omitted.

Why do you spell Nature with a capital "N"?

Why do people spell God with a capital G? Or Universe with the capital U? The entity or thing that holds up all the secrets deserves respect. Whether you think it's a guy dressed in white with a long white beard or an ethereal entity like Nature.

That’s exactly why I capitalize the “M” in Money.
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