Investors fall into FOMO due to the illusion of short-term gains, similar to how some countries, tempted by short-term benefits, believe they can achieve quick victories and recklessly initiate or participate in wars. Later, they find it hard to back out, and losses increase exponentially. Only when multiple companies go bankrupt and the market crashes do they enter the scene to buy at low prices, akin to waiting until other countries are exhausted from fighting, depleting their resources, and then entering the fray to gain significant benefits at a lower cost. A successful example in this regard is Sweden during the Thirty Years' War (1618-1648). This small country with only 1.5 million people watched from the sidelines for over a decade (during which it had some minor conflicts with Poland) and only joined the war in 1630. By the time France entered the war in 1635, the pressure on Sweden was even less. Later, Sweden gained control of northern Germany and the Baltic Sea coast (Pomerania), effectively turning the Baltic Sea into its own inland lake, a status it maintained until 1815.
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