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Office goers, says this column in The Economist, can be split into two groups. The first tribe are called FOMO: people who love meeting other people and who are haunted by the fear of missing out (FOMO) lest they don’t attend a meeting, a networking event or a business trip. The second tribe are called JOMO: people who like to sit at their desk and actually do some useful work and hate attending meetings/events/conference calls outside normal business hours. They actually enjoy spending time with their family. That’s the joy of missing out (JOMO).
In a well run company you need both tribes. The FOMO people run around looking busy, attending meetings are staring at Powerpoint presentations, emailing, videoconferencing and whatsapping like mad. The JOMO people sit at their desks and get the work done.
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Note: The above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. The information provided is intended for educational purposes only. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India (SEBI) and is also an FME (Non-Retail) with the International Financial Services Centres Authority (IFSCA) as a provider of Portfolio Management Services. Additionally, Marcellus is also registered with US Securities and Exchange Commission (“US SEC”) as an Investment Advisor.