Short note on mimetic desire

Desire because of others

Hi and welcome to another issue of the newsletter.

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Mimetic desire is the desire or wanting of things not to acquire such things but because other people desire such things.

Mimetic desire could see in peer groups. Peer pressure exists because we want to want what our peers want so that we may belong. After all, we are peers, and we would seem like outcasts when making different choices.

When our choices diverge to a certain extent, we cease to be in that group.

Mimetic desire is a way of signaling. I want X, so people see me as Y.

On an individual level, you can use it to shape your desires and tender them to better ones.

We can build habits by associating with people who already make the habit we want to build.

If you want to exercise, you get yourself surrounded by people that are already exercising. They want to be fit, and their desire to be fit makes you want to be fit too.

PS: that's why influencers/celebrities model for products. It works because we want to feel like or connect with them when we purchase those products.

In essence, we want the product because of them.

How does this relate to investing?

Many a time, we don't ask ourselves why we are investing in so and so.

We want to join the train and "to the moon."

You have to ask yourself: Are you investing because you want to or because others are, and you don't want to miss out. (FOMO)

Opportunities are like buses; if you miss one, another is just by the corner.

Just make sure you are at the right bus stop.

That's it for this week. See you next week Sunday.

Don't forget to share.