8. What's Essential: The #1 Reason We Struggle with FOMO with Patrick McGinnis
The Greg McKeown Podcast
Greg McKeown
4.9 • 1K Ratings
🗓️ 20 July 2020
⏱️ 64 minutes
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| 0:00.0 | I am delighted to have Patrick McGinnis here, venture capitalist, extraordinary, but almost certainly best known for coining the term fear of missing out in an op-ed that you wrote when you were at Harvard Business School and we |
| 0:18.6 | will get more to that. |
| 0:20.6 | Just wrote a book, FOMO, same name, same thing, but really trying to wrestle with this |
| 0:27.1 | always universal problem that we all experience. |
| 0:30.4 | It is a delight to have you on the show. It's so great to be here, Greg. |
| 0:34.0 | Thanks for having me. |
| 0:35.0 | So let's start at the beginning. |
| 0:38.0 | For those that haven't heard it, it's hard to believe anybody hasn't, |
| 0:41.0 | but what is FOMO define it for us and and then tell us how it came to be? |
| 0:47.6 | So FOMO, short for fear of missing out, is an anxiety that we feel when we have the perception that there is something better out |
| 0:55.6 | there than what we're doing at the moment. And it is also stress that's created by a concern |
| 1:01.1 | that we may be excluded from a favorable group activity or opportunity. |
| 1:05.2 | Now what does that really mean? |
| 1:06.2 | It all means that in this time that we're living in, we look at our phones, we go online to |
| 1:12.0 | LinkedIn, we see what other people are doing and we think to ourselves |
| 1:16.0 | wow I'm just you know what am I doing with my life all these other people are doing things that are more |
| 1:20.4 | interesting than I am and I'm going to fall behind. |
| 1:23.6 | And so that is a fundamental nature of FOMO. |
| 1:26.6 | It's something that has been part of the human experience for a long time in one form or |
| 1:30.7 | another, but of course the word itself comes from the year 2003 and the story behind |
| 1:37.7 | FOMO is basically this. I was living in New York City right out of college college, working in venture capital, and I lived through the |
| 1:45.2 | tech basically implosion of 2000, 2001. |
... |
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