The Fear of Missing Out

Social media and internet usage are driven, in part, by the fear of missing out. In my case, despite knowing better, I check news sites, Twitter and Facebook far too often. I want to be sure I don’t miss something important. Unfortunately, the internet does a poor job of separating the important from the trivial, which means I spend too much time and focus on the unimportant.

The problem is, all of this is time consuming and distracting. It interferes with other things, namely, things that have the potential of being far more meaningful and valuable to myself and others.

The other aspect of the problem is the lack of discipline being exhibited. A well-disciplined person would not succumb to the temptations of immediacy that the internet provides. The person would be in control.

Finally, there are the detriments of information overload. Simply put, I know too much. And a lot of what I know is utterly useless — sheer clutter and noise. It doesn’t make me a better person or better informed, and it certainly isn’t useful in making better decisions. It’s just information overload, plain and simple.

That’s the problem as I see it. So what’s the fix? Here’s the plan I’ve been implementing.

The first step is to be clear about what I need to know. I have a national newspaper delivered daily so there’s no danger of missing something of national or international importance. Hence, I’ve been reducing dramatically my checks of internet news sites.

But it’s not that simple. There is some news that is critical to what I do, namely, investing and trading financial assets (stocks and bonds primarily). So I do need to keep in touch with developments that could impact significantly the value of those assets and the markets generally.

Which brings me to Twitter. It’s a great resource; however, like other sites, it can get out of control. So I’ve been culling the list of people and organizations I follow to focus on those who are more regularly adding new insights or material information that is more likely to have a bearing on investment decisions.

I’ve also stopped reading most of the president’s tweets. At first, they were entertaining and insightful, providing a window to a deranged mind. But, frankly, by this point he’s become a bore. A potentially dangerous one, but a bore nonetheless. I don’t need daily reminders of just how crazy it is that an individual like him occupies the White House.

Finally, on the email front, I’ve been unsubscribing from all but what are essential sites for purposes of investment decisions. And have been converting daily Google Alerts to weekly ones and dropping ones that have only marginal value.

I often say that fear is the most insidious and injurious force in the universe. I believe that. But fear takes many forms. It’s taken me far too long to appreciate the grip that the fear of missing out has on my life. Finally, I’ve reached the point where denial is no longer an option. It’s time to take control.

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