It is quite common that investors can easily become anxious when the stock market goes up, a phenomenon termed as FOMO (Fear Of Missing Out). As a result, investors may continuously chase a stock regardless of its price or fundamentals in the hope of not missing the next "NVDA" or "TSLA."

While this behavior is quite understandable, it is not warranted, especially if the target stock has not proven itself yet. If we look back at the history of some very successful companies (as shown below), it is easy to conclude that an investor will not miss the boat by joining the game 10 years after those companies went public. It is actually very hard to find a counterexample. Even the hottest Bitcoin tells the same story.

Hence, a real question for us is: Do we really need to jump onto the boat before the company has proved itself?