This is educational and can be applied broadly given there is so much "want" vs what is really "needed" in our lives. The one thing I took out of my intro Economics classes was the theory of marginal utility, .. which goes something like this, "for each additional unit we acquire, we are that much less satisfied than with the previous unit". The more we acquire, the less satisfied we become. In this day of mass production and cheap goods even the relatively poor can become just as disatisfied as the rest of us. God bless you Nick, well done !
Same goes for me too Jack. A couple of years ago I had a small pension refund of £7000 (I'm in the UK where knife prices are nearly twice that of the US). I invested much of it in disposable alcohol (!) and the rest just got wasted. However, I did buy a few folders and one or two fixed blades with the remainder, meaning that I now have nine Spyderco's, five Benchmade's, a ZT, (all with fancy, up-market steels because I subscribed to the hype) and a few other cheaper brands. Unless I sell them all (probably for a fraction of what I paid), it's all been for nothing, as they sit comfortably in their boxes in my office drawer doing f**k all. The motto of of this long and drawn out reply is that "a (drunken) fool and his money are easily parted". And to think... I could have bought a really nice E-Class Mercedes. :(
This is why I love your videos, sir. Other TH-cam reviewers always make me have FoMO attack. (Damn you, BladeHQ!) Thanks for giving us a breath of fresh air and keeping us grounded. Cheers.
It WAS. I loved his video about hedonic adaptation. Nick has a great channel!!! I bought a grey Delica bec of watching his videos, saw the wharncliffe variant and threw it in the order...never touched the grey. I SUPER love the variant. Nick helps me with these insights!!! Thanks so much Nick!
@@ssunfish see didn't I tell you...and when Cedric posted his haircut vid...this was what I thought of...A lot of wisdom in this one I'm telling you...and youre welcome Nick.
I only feel severe pocket knife FoMO when I see "DISCONTINUED" on a model. No real fear of sprint runs and fancy knife steels and colors... "Hi, my name is Chris and I don't own a SpydieChef".... damnit
I love buying discontinued models because they are usually on a big discount. Like the recent Benchmade mini freek that went for $90-$100 on many sites
I've been on both sides of this. I've bought discontinued or low production items that I ended up not caring for and I've passed on things I now want but either can't find or would have to pay too much for. Trying to predict what your future self will think of an item is difficult when the pressure of limited availability is on.
Nick, I really enjoy when you make videos such as these and I’d like to say thank you! I appreciate (and truly enjoy) this sort of content from you, it’s one of the reasons I’m such a big fan of your channel.
Thanks for the logic and reason, Nick. I enjoy your channel so much for those qualities. Critical thinking and knowing how to control impulses is so helpful in the gear world and beyond.
This is something I've been realizing myself in the last few months. Thanks for discussing the topic - it's helped me save a non-insignificant amount of cash recently.
The great thing about the modern knife world is that there are tons of options from which knifenuts can choose. If someone wants to get in on limited editions, sprints, etc there are plenty of opportunities. If someone wants to stick to high volume production models there are tons of choices. If someone wants to save up for a custom there are lots of choices. All someone has to do is choose the path that they can afford and makes them happy 🙌🏻 the consumer is Queen/king in this process. The consumer is free to buy or not buy regardless of marketing techniques. I don’t blame makers or manufacturers for their offers. I am always in charge of what I purchase or don’t purchase. 🙌🏻👌🏻
Hi Nick, how do you feel about brands like Great Eastern Cutlery? They don't seem to explicitly stated everything is small batch/short run for marketing purposes, but for all of the desirable models and handles there are never enough to go around. I'm torn. On one hand I get that they are limited by the nature of their manufacturing practices, but on the other hand it drives me crazy. Thanks, Nick!
Is it slightly more acceptable for benchmade to have a "first production" for 1000 knives and then go to regular production. Some folks do seem to covet the first production tag on their blade. But it doesn't seem to be a full on FOMO but maybe slightly. I got the PM2 w/ orange handles and black blade because I like the color combo.
That’s totally fine with me. There, collectors who care can get the first run stuff, but it’s not artificially capped to force everybody to play stupid games.
Nick, good point about naming the phenomenon or the feeling we have of missing out. That’s called Affect Labeling which has been found to help us address - and act on - how we feel in a more calm and deliberate manner. That’s some good coaching right there.
I minimize FOMO by setting a strategy. In my case, I buy every Para 3 variant and a Serge Custom everytime he has a sale. Everything else is "nice to have" and I don't worry about whether or not I get them.
When I hear 'limited edition' I hear " we know that this isn't good enough for long term sale and this is the maximum money we can make off it". I know it's as wrong as any bias but I always feel that if it's any good it will be available for many years. Just my view, YMMV.
@@Cristopher1976 I know it's just my own bias. I shared it as one point of view only. Nobody knows better than I do that my views are NOT gospel facts.
I wanted that M4 shaman so bad, I was at work when it released and when I got the notification that they had dropped I went to the restroom to order it and by the time i got there...they were gone!
For me, the fear of missing out results in buying extras, because something can happen to the item. Maybe, this is due to my military years: one is none and two is one. That has me buying three or more, just in case.
great video. I have discovered that sometimes the regret of buying something lasts longer than missing it. Because every time you look at it. You think I should not have bought that.
FOMO is the name of a really sweet Korean Fried Chicken food cart here in Portland. Really great place. I think I'll quietly sneak over there for lunch this week. Thanks, Nick!
thank you so much for mentioning that there's always a next thing. that has saved me a good deal of money, which then went towards some other next thing.
Thanks for sharing Nick! You are such a nice and sincere dude!! Would love to meet you one day and geek out on knives! I am from Indonesia and no one seems to have this hobby
Really liking your thoughts on this. It's even worse in the guitar pedal scene, as you might actually "miss out" on an awesome, unique sound. EQD recently teamed up with Sunn O))) to release a signature pedal. They made like 500 and could have easily sold ten times that many. I was disappointed.
It's not the limited drops that bother me but rather the particular models that are limited: make your best designs widely available and your quirky experiments in small numbers. That way everyone can get a great product and then if they want a small-batch build they can pursue that.
I know exactly what you are talking about and I've had these thoughts before as well but at the same time I love my Spyderco sprints that I know people are selling for twice as much at least in part because others desire them
There are tons of cases where the sprint run is the definititive version of a knife. The spyderco yojimbo 2 has a thin tip, and tougher M4 steel makes sense. I also like the natural G-10 :). The sprint status is annoying, because it will be tough to replace a lost or damaged one
@@TECHFIGHTER I had to hunt for it on eBay :/ There's a couple other models I have my eye on, but considering how many more knives I have than I need, I may have to let them slide. The urge to get the hundred pacer when it's on closeout will be strong
Hahah...it goes on all the time and not just with knives. Thanks for the reminder. I like to think I collect knives but that to is part of what you are talking about. If I am a collector of knives how can I pass up a limited addition knife. Don’t I need all knives that few others have?
I was a victim of FOMO recently. DLT training pm2 in m390, red g10. Their server went down at the time it was due to be released. I spent an hour and a half refreshing the page until I managed to get one.
@@BetaBuxDelux I'd say so. Beautiful knife. I find that the spyderco sprint run qc is just a step above their regular offerings. Knife came drop shut smooth and extremely sharp.
I think limited editions have their good, bad and ugly. It’s nice sometimes to have something special. There are many companies that DO limited editions just for marketing sake, but having a unique piece or a limited edition does feel rather special sometimes. So long as it’s not double the price:)
I love carbon fiber, which seems to be the domain of the sprint run for a lot of models. Usually I get my fix by looking at it for about 10 minutes online, adding it to my cart, going to checkout and closing the tab (without paying). Granted it's not just pure insanity, sometimes I actually buy things that I take the time to add to my cart, but if I at least do that and close it out after I feel the decision is made that I decided not to pay for another gadget I really don't need.
Keep this in mind too. Not to long ago, you did a review on a CKF Sukhoi 3. I was very glad you did, because it helped me make a decision to get one. I'm glad I was able to get one and probably wouldn't have, had it not been for your review. In life, I believe it's better to make a decision based on direction over fear, but sometimes FOMO get me too.😉
Talk about FOMO... when I see "Discontinued" on any of the online blade vendors... I begin to twitch spastically - sometimes even for a knife that I'm not overly interested in!
“We put an astronauts butt in the corner” haha, but I totally understand the fear of missing out. For instance I have no need for a pm2 it’s too big for my needs and it’s (in my opinion) ugly, the para3 is, while still ugly, a way better knife for me. But I still feel like I want/almost need to join the pm2 club. I often try to buy limited edition knives mostly because I want the normal knife but black g10 is something I want very little of, so when it comes to colors the sprints/limited runs are my best chance. But I agree when I started giving myself permission to “miss out” it was really helpful.
I'm fairly gifted at rejecting fomo. Take the recent lil native sprint run. I passed after considering the only real reason I wanted it was for the steel and compression lock. The size was way to small for me and long term I knew I wouldnt carry it.
I think the biggest of the production companies that uses FOMO is noted for having a hole in their blades. In a way it’s hard to fault them for this approach because folks like to feel ‘special’ by having something somewhat unique and the marketing approach has undoubtedly made their sales soar. The downside of FOMO marketing is the loss of customers who are either just sick of it & abandon the brand or customers who don’t buy their ‘lesser’ versions of the knives because they’re not desirable any longer. It also puts a lot of their knives in a drawer unused which doesn’t necessarily translate to long term & appreciative customers who value the products beyond their resale value.
I've had to go to therapy for years because as a child, I didn't have X. All my friends had X. They loved their X's. But I only had Y, it's all my parents would let me get. They told me that Y was just as good as X, but it wasn't. Y only had one leg, and kept falling over. I hated it, and I complained. My parents said in no uncertain terms that I couldn't have X. So I'd ask why. And they'd say, _that's right!_ Hence, the therapy.
I am in both camps. I hate them, but at the same time when you get one, it feels kind of great knowing you having something "special". I know that feeling is kind of arbitrary, but I can't help feeling it lol. I mean when the 777 was showcased, it was love at first sight. The composite damascus and CF sub frame was a beautiful thing. It was expensive, so I even put aside money every month for it. I had a set of tabs of various knife sites that I would refresh multiple times daily. And after months of doing that [and the drama]. I couldn't get one, while some had like 7 of them. It sucks, and I invested so much time in anticipation, that I still feel a little crappy to this day lol.
I'm not the biggest fan of blue watches but that Casio is nice! I kind of wish companies would regularly make their knives in a variety of steels. I would be a lot more inclined to buy a $200-300 Spyderco if they came in something better than s30v.
@@NickShabazz I can already tell, its going to start out slow, just like my knife collection. Ill justify it by only letting myself buy watches in the $100 price range, and within a few months ill be a full blown addict.
The recent Spyderco Lil Native St. Nicks Exclusive sold out in just three minutes. If you weren’t committed right away you miss out. This is just the reality of a lot of exclusive knives. You really will miss out and possibly have to pay higher secondary prices later down the road if you want one.
Ok, I get the Limited Edition stuff..I collect knives..what about going after discontinued items..ie, I found a Sage 2 Ti still on Walmart’s stock so I bought it..
Some of my fellow knife addicts mis-interpreted what I said about Spyderco and Wal!Mart..I didn’t go into my local store to buy my Sage 2 Titanium...I bought it on Walmart.com. AND I do believe there are still a couple left at $209...not bad for an out of stock discontinued item
As ironic as this sounds, I'm too poor to afford to pay attention to limited edition stuff and in general to purchase stuff under pressure. My money are too little and to precious to through around on stuff I can't research properly first! I felt something like this recently with all buzz around the SKX being discontinued. I almost went as far as asking a friend to borrow the money to get one while still available... But then I allowed myself a little more thinking time and decided that wouldn't be a smart move. There are so many modding sites for SKX that you can build one out of spare parts should you really one one... So, I just relaxed and went on with my business. Plenty of other, more meaningful, projects to take on!
With Giant Mouse, not only are the regular versions limited to 300, there are only 100 of the "pirate" versions. Then you have the numbered first runs, and the coins...
Thanks for this Nick. I couldn't agree more. I really wish Spyderco would release another Bowie... I want one, but don't want to spend 400-500 dollars on it.
The way I looked at the hype for the para 3 in maxamet was that I wanted it but didn't want to jump to quick but I knew I wanted it they were still around weeks after all the hype and sellouts but couldn't be happier with it my purchase
Nick I think you’re looking at this all wrong. The fact that the knife is an exclusive limited run means you can purchase it try it out and sell it and at least get your money back. It’s a win-win. I like it and I hope it continues. I do not care for the people who buy knives just with the intention of selling them but that’s just a free market we can’t stop that.
Busse Combat knives and Spyderco use this too much. I freaked wanting HAP 40, actually did get my favorite model in it and stopped freaking. Delica Wharncliffe variant. I have plenty of folders. Buying fixed blades for steel is fussy. Design counts, keeping it sharp. Thats more than enough for a user. I came here from Cedric and Ada's video of two days ago shaved head and sold my knives.
Oher aproach is to ask someone to give you his/her honest opinion about what you are about to purchase without telling them it is a limited edition article or its price....I did this with the Casio Oceanus OCW-S5000C-1AJF ....I asked my son who owns the first titanium one his opinion about it....he surprisingly said "Dad...I really like mine much more....."
My biggest issue with this phenomenon is that limited editions are generally rather expensive. When you’re tight on money, you can’t afford to buy right away. No matter how much you want that particular thing. This means the company misses out on an almost guaranteed purchase if that item would’ve been available down the road.
I own 3 knives, one is edc and because I live in Asia, 2 are back ups. The only reason I have 3 is the price was excellent and I was replacing a lost edc.
I hate that shit. It’s so stupid because they make something awesome that “everyone” wants and could sell 10,000 but no, they only make 1000 and so make 90% LESS than they would have made. As long as they are selling ‘em like hot cakes they should KEEP MAKING THEM! Imagine if Apple was like “Well, we are only going to make 10,000 iPhone Xs next year so even though we can sell millions we want it to be special. More income? We aren’t interested.” The shareholders would love that. The manufacturers should have FOMO lots of money 💰. Idiots.
I do the same thing as a bottom feeder for super low prices. It's a great deal, so I want it. Anymore I ask my self, do I have something comparable? If I do then I can pass, even if it's a great deal.
I get "fomo" constantly with my knife collecting. Sprint runs are especially bad, but I guess that's the marketing psychology doing it's job. However a perpetual lack of funds is a limiting factor for me and one which I'm in a way thankful for
You know what really makes it bad? The secondary market... The Shaman is a beautiful example. I’ve been wanting one for months now. I missed the z-wear sprint (the one I realllyy wanted) because i was on a fly fishing trip and frankly, had other priorities. I refuse to pay $400 for a $220 knife on the secondary market. Fuck that...and let’s be honest....who’s buying at these insane prices? It must be somebody. It’s gotten so bad with the Shaman that you’re hard pressed to find *any* plain edge model out there for under $300. They’re just not in stock anywhere. Two things keep you on the straight and narrow. Patience and impulse control. The secondary market is DIRECTLY responsible for this type of thing in certain cases. These people buy em up (sometimes with bots), jack up the price and who gets screwed? We have the power to change this, people. You can’t just keep asking for more every time you get fucked over. At a certain point, it becomes your own fault.
Yes, i was fomo about my acquisition of the LM wave. Just bought it around July 2019 right after I found one in an online store. Because i’m new to the multi tool world, I want a wave but i just hate the + in the name so i didn’t buy any wave+ and hope to see the prior version and i did. The only reason i don’t pick the Wave+ is only because the name has the + in it. 😂
I got fomo-ed once (well not once) in a positive way. I was at a flea market and i saw a fixed blade that i just recently heared about on youtube. It was the freakin Puma White Hunter. And it was the equivalent of freakin $20 (otherwise $350 new). I got instant fomo, but i have thought about it for as long as we ate at pizza hut with my so. But right after that i went back and i just put my hand on it like a freakin owl, with the intention of rather dying than letting go. So that was a positive fomo which i don't regret till today. But of course i have spent a lo-o-ot on actual useless things out of fomo (like top of the line things which i did not use after all)
All those marketing schemes provides just as much, as when something from the factory is labeled "collectors edition". Nothing made out as for collectors is actually for collectors.
Amen! Double amen! It takes me months to decide to pull the trigger on a knife, months, and then 60% of the time it’s unavailable. 60 freaking %. It’s like hearing the doorbell ring half way through sex 😡
Another reason why I work with custom makers and get on list. I’ll get what I want and it’ll be unique to the world I own over 30 fixed blades and 90% are custom and their sheaths I use them without concern and have respect for the tool that they are I do have safe queens but only 2 The pocket jewelry that are folder knives have their roll I own and rotate my same 3 for 4 years. Rat2 aus8 removed clip Pm2 for when I’m needing that extra something And my skeletool cx when I do yard work,run my rc truck,anything that needs tinkering. None of these are jewelry. Always carry a fixed blade along as my primary. Last yr I found my all purpose fixed blade. Neck carry and in pocket Mike Wallace Wallace Edged Tools Field Mouse cpm154 Yellow Hawk Custom Kydex I stay watching the folder reviewers cause I get it. I do one day want to have a very concentrated set of folders that gives me joy.
But then you regret missing out when you could have made the purchase. It happened to me when I opted not to purchase the Rolex "Hulk" when I had the opportunity. I regret it every day now.
I wasn't going to watch this... but I was afraid I might miss something.
Hahaha!!! Best comment on here..!! ;)
Oh No - while you were watching this you missed out on some really cool Limited edition knives..... LOL
This is educational and can be applied broadly given there is so much "want" vs what is really "needed" in our lives. The one thing I took out of my intro Economics classes was the theory of marginal utility, .. which goes something like this, "for each additional unit we acquire, we are that much less satisfied than with the previous unit". The more we acquire, the less satisfied we become. In this day of mass production and cheap goods even the relatively poor can become just as disatisfied as the rest of us. God bless you Nick, well done !
Fortunately poverty keeps me from accumulating stuff.
Same goes for me too Jack. A couple of years ago I had a small pension refund of £7000 (I'm in the UK where knife prices are nearly twice that of the US). I invested much of it in disposable alcohol (!) and the rest just got wasted. However, I did buy a few folders and one or two fixed blades with the remainder, meaning that I now have nine Spyderco's, five Benchmade's, a ZT, (all with fancy, up-market steels because I subscribed to the hype) and a few other cheaper brands. Unless I sell them all (probably for a fraction of what I paid), it's all been for nothing, as they sit comfortably in their boxes in my office drawer doing f**k all. The motto of of this long and drawn out reply is that "a (drunken) fool and his money are easily parted". And to think... I could have bought a really nice E-Class Mercedes. :(
@@sputumtube this is gold.
I am a marketing specialist and a knife collector. The definition of split personality.
This is why I love your videos, sir. Other TH-cam reviewers always make me have FoMO attack. (Damn you, BladeHQ!) Thanks for giving us a breath of fresh air and keeping us grounded. Cheers.
Nick...this is one of the best videos you have ever made.
Thanks!
It WAS. I loved his video about hedonic adaptation. Nick has a great channel!!! I bought a grey Delica bec of watching his videos, saw the wharncliffe variant and threw it in the order...never touched the grey. I SUPER love the variant. Nick helps me with these insights!!! Thanks so much Nick!
@@ssunfish see didn't I tell you...and when Cedric posted his haircut vid...this was what I thought of...A lot of wisdom in this one I'm telling you...and youre welcome Nick.
I missed out on the astronaut butt sub dial Speedmaster I don't know how I'll ever go on
I was a professional salesman in the Financial Industry for 40 years. I found this video very interesting. Thanks Nick, Nice job. 😎👍
I only feel severe pocket knife FoMO when I see "DISCONTINUED" on a model. No real fear of sprint runs and fancy knife steels and colors... "Hi, my name is Chris and I don't own a SpydieChef".... damnit
Hi my name is Mark and I don't own a Benchmade Sequel :'(
Hi my name is also Chris and I also don't own a spydiechief
I also don't own a spydiechef and its literally my favorite knife I'm just perpetually waiting for them to come back in stock.
@@-trmxzer0-235 if you reallllllllllyyy want one you can always pick one up at bhq:
www.bladehq.com/item--Spyderco-SpydieChef-Frame-Lock--36436
I love buying discontinued models because they are usually on a big discount. Like the recent Benchmade mini freek that went for $90-$100 on many sites
Your next video should be ROMO (regret of missing out). There are several pieces of gear I still regret not buying when they were available.
Then maybe a buyers remorse video lol. Where you buy a limited edition and feel like you can't take it out of the box and use it...
For me it will always be the Eschaton 😭😭 that knife just spoke to me for some reason
I've been on both sides of this. I've bought discontinued or low production items that I ended up not caring for and I've passed on things I now want but either can't find or would have to pay too much for. Trying to predict what your future self will think of an item is difficult when the pressure of limited availability is on.
@@jayweast1306 I regret nothing lol.
Nick, I really enjoy when you make videos such as these and I’d like to say thank you! I appreciate (and truly enjoy) this sort of content from you, it’s one of the reasons I’m such a big fan of your channel.
The fact that we got into knives is proof that marketing works!
Nick's philosophical vids are the BEST of his material. So excited!
Thanks for the logic and reason, Nick. I enjoy your channel so much for those qualities. Critical thinking and knowing how to control impulses is so helpful in the gear world and beyond.
Still glad I got the M4 Shaman...my FOMO was strong with that one. great video..thanks for putting it out there for the community
This is something I've been realizing myself in the last few months. Thanks for discussing the topic - it's helped me save a non-insignificant amount of cash recently.
The grass isn't always greener on the other side of the fence, you are right Nick. BUT there are some gorgeous knives i MUST have at any cost lol ;-)
Nick may be the only reason Z-hunter has any sales. You just know they are putting bread in his bowl.
I really want a Z-Hunter.
Just to have one :)
Unfortunately, that model Z-hunter has been discontinued.
@@firstname3219 FOMO confirmed :(
The great thing about the modern knife world is that there are tons of options from which knifenuts can choose. If someone wants to get in on limited editions, sprints, etc there are plenty of opportunities. If someone wants to stick to high volume production models there are tons of choices. If someone wants to save up for a custom there are lots of choices. All someone has to do is choose the path that they can afford and makes them happy 🙌🏻 the consumer is Queen/king in this process. The consumer is free to buy or not buy regardless of marketing techniques. I don’t blame makers or manufacturers for their offers. I am always in charge of what I purchase or don’t purchase. 🙌🏻👌🏻
Hi Nick, how do you feel about brands like Great Eastern Cutlery? They don't seem to explicitly stated everything is small batch/short run for marketing purposes, but for all of the desirable models and handles there are never enough to go around. I'm torn. On one hand I get that they are limited by the nature of their manufacturing practices, but on the other hand it drives me crazy. Thanks, Nick!
Is it slightly more acceptable for benchmade to have a "first production" for 1000 knives and then go to regular production. Some folks do seem to covet the first production tag on their blade. But it doesn't seem to be a full on FOMO but maybe slightly. I got the PM2 w/ orange handles and black blade because I like the color combo.
That’s totally fine with me. There, collectors who care can get the first run stuff, but it’s not artificially capped to force everybody to play stupid games.
One of your very best videos .
Nick I do have one regret I didnt buy the 20cv tan para 2 that dlt had at blade they were 130 without boxes and I didnt get back to buy one :(
Ahh...I feel you. They were sweet
Nick, good point about naming the phenomenon or the feeling we have of missing out. That’s called Affect Labeling which has been found to help us address - and act on - how we feel in a more calm and deliberate manner. That’s some good coaching right there.
Thanks Ari, I'm glad it seems on point to you.
I minimize FOMO by setting a strategy. In my case, I buy every Para 3 variant and a Serge Custom everytime he has a sale. Everything else is "nice to have" and I don't worry about whether or not I get them.
Hi my name is Tim, and I never bought a pm2. ☹️
@@timpande6900 PM2 was the first Spyderco I bought.
When I hear 'limited edition' I hear " we know that this isn't good enough for long term sale and this is the maximum money we can make off it". I know it's as wrong as any bias but I always feel that if it's any good it will be available for many years. Just my view, YMMV.
That's not necessarily true. I got the m390 pm2 from dlt. It wasnt overpriced. Bento box on the other hand does do that.
@@Cristopher1976 I know it's just my own bias. I shared it as one point of view only. Nobody knows better than I do that my views are NOT gospel facts.
Considering your a fan of the Kapara and Shaman I’d love to see a VS video comparing the two
I wanted that M4 shaman so bad, I was at work when it released and when I got the notification that they had dropped I went to the restroom to order it and by the time i got there...they were gone!
For me, the fear of missing out results in buying extras, because something can happen to the item. Maybe, this is due to my military years: one is none and two is one. That has me buying three or more, just in case.
One to use
One to lose
One to abuse
If you truly like something, it makes sense.
great video. I have discovered that sometimes the regret of buying something lasts longer than missing it. Because every time you look at it. You think I should not have bought that.
FOMO is the name of a really sweet Korean Fried Chicken food cart here in Portland. Really great place. I think I'll quietly sneak over there for lunch this week. Thanks, Nick!
One of my favorite videos. Great.
thank you so much for mentioning that there's always a next thing. that has saved me a good deal of money, which then went towards some other next thing.
Great content nick!!! Didn’t think about that until now!! It’s really sad, if they have a good product people just keep buying it anyway!!!
Thanks for this video... if I ever write an essay about craftsmanship vs. consumerism, I'll most likely end up citing it.
Thanks for sharing Nick! You are such a nice and sincere dude!! Would love to meet you one day and geek out on knives! I am from Indonesia and no one seems to have this hobby
Hey Nick. Seriously good video. Thank you helped me. One other thought > do you collect other things besides watches and knives... you like movies?
You really got in my head with this video!
Really liking your thoughts on this. It's even worse in the guitar pedal scene, as you might actually "miss out" on an awesome, unique sound. EQD recently teamed up with Sunn O))) to release a signature pedal. They made like 500 and could have easily sold ten times that many. I was disappointed.
Nick.. Your the very Best.. Thanks, as always 🐝well
It's not the limited drops that bother me but rather the particular models that are limited: make your best designs widely available and your quirky experiments in small numbers. That way everyone can get a great product and then if they want a small-batch build they can pursue that.
I know exactly what you are talking about and I've had these thoughts before as well but at the same time I love my Spyderco sprints that I know people are selling for twice as much at least in part because others desire them
There are tons of cases where the sprint run is the definititive version of a knife. The spyderco yojimbo 2 has a thin tip, and tougher M4 steel makes sense. I also like the natural G-10 :). The sprint status is annoying, because it will be tough to replace a lost or damaged one
I feel good reading your example because I snagged that one due to FOMO and I don't regret it one bit. Love it.
@@TECHFIGHTER I had to hunt for it on eBay :/ There's a couple other models I have my eye on, but considering how many more knives I have than I need, I may have to let them slide. The urge to get the hundred pacer when it's on closeout will be strong
@@1fareast14 HUNDRED PACER was a no-brainer for me. It is a better design for me n I LOVE it! Very satisfying knife
Hahah...it goes on all the time and not just with knives. Thanks for the reminder. I like to think I collect knives but that to is part of what you are talking about. If I am a collector of knives how can I pass up a limited addition knife. Don’t I need all knives that few others have?
I was a victim of FOMO recently. DLT training pm2 in m390, red g10. Their server went down at the time it was due to be released. I spent an hour and a half refreshing the page until I managed to get one.
mr. jinks Worth it?
@@BetaBuxDelux I'd say so. Beautiful knife. I find that the spyderco sprint run qc is just a step above their regular offerings. Knife came drop shut smooth and extremely sharp.
I think limited editions have their good, bad and ugly. It’s nice sometimes to have something special. There are many companies that DO limited editions just for marketing sake, but having a unique piece or a limited edition does feel rather special sometimes. So long as it’s not double the price:)
Great video I am guilty of this limited runs get me for sure plays right into my knife addiction
I love carbon fiber, which seems to be the domain of the sprint run for a lot of models. Usually I get my fix by looking at it for about 10 minutes online, adding it to my cart, going to checkout and closing the tab (without paying). Granted it's not just pure insanity, sometimes I actually buy things that I take the time to add to my cart, but if I at least do that and close it out after I feel the decision is made that I decided not to pay for another gadget I really don't need.
Great advice, "Ask yourself, if this thing was available forever and ever, would you still want it?" (paraphrased).
Keep this in mind too. Not to long ago, you did a review on a CKF Sukhoi 3. I was very glad you did, because it helped me make a decision to get one. I'm glad I was able to get one and probably wouldn't have, had it not been for your review. In life, I believe it's better to make a decision based on direction over fear, but sometimes FOMO get me too.😉
Talk about FOMO... when I see "Discontinued" on any of the online blade vendors... I begin to twitch spastically - sometimes even for a knife that I'm not overly interested in!
When I saw TOPS Knives Pathfinder school knife was honorably discharged- discontinued. I had a twinge
“We put an astronauts butt in the corner” haha, but I totally understand the fear of missing out. For instance I have no need for a pm2 it’s too big for my needs and it’s (in my opinion) ugly, the para3 is, while still ugly, a way better knife for me. But I still feel like I want/almost need to join the pm2 club. I often try to buy limited edition knives mostly because I want the normal knife but black g10 is something I want very little of, so when it comes to colors the sprints/limited runs are my best chance. But I agree when I started giving myself permission to “miss out” it was really helpful.
I'm currently experiencing a bad case of FOMO in regard to the discontinued ZT 0920.
It's an amazing piece. Have it in my collection and it's one of the few I could never part with.
I'm fairly gifted at rejecting fomo. Take the recent lil native sprint run. I passed after considering the only real reason I wanted it was for the steel and compression lock. The size was way to small for me and long term I knew I wouldnt carry it.
10:27 - kinda sums it up...
I think the biggest of the production companies that uses FOMO is noted for having a hole in their blades. In a way it’s hard to fault them for this approach because folks like to feel ‘special’ by having something somewhat unique and the marketing approach has undoubtedly made their sales soar.
The downside of FOMO marketing is the loss of customers who are either just sick of it & abandon the brand or customers who don’t buy their ‘lesser’ versions of the knives because they’re not desirable any longer. It also puts a lot of their knives in a drawer unused which doesn’t necessarily translate to long term & appreciative customers who value the products beyond their resale value.
I've had to go to therapy for years because as a child, I didn't have X. All my friends had X. They loved their X's. But I only had Y, it's all my parents would let me get.
They told me that Y was just as good as X, but it wasn't. Y only had one leg, and kept falling over. I hated it, and I complained. My parents said in no uncertain terms that I couldn't have X.
So I'd ask why. And they'd say, _that's right!_ Hence, the therapy.
I am in both camps. I hate them, but at the same time when you get one, it feels kind of great knowing you having something "special". I know that feeling is kind of arbitrary, but I can't help feeling it lol. I mean when the 777 was showcased, it was love at first sight. The composite damascus and CF sub frame was a beautiful thing. It was expensive, so I even put aside money every month for it. I had a set of tabs of various knife sites that I would refresh multiple times daily. And after months of doing that [and the drama]. I couldn't get one, while some had like 7 of them. It sucks, and I invested so much time in anticipation, that I still feel a little crappy to this day lol.
I'm not the biggest fan of blue watches but that Casio is nice!
I kind of wish companies would regularly make their knives in a variety of steels. I would be a lot more inclined to buy a $200-300 Spyderco if they came in something better than s30v.
Hey nick, ever get that sk23 from Kevin? Just wondering. Keep up the good work.
Thanks
I did, yes. Ended up moving it along, but he delivered what I ordered.
Fantastic vid, Mr Nick;)
Duuuuuuuude that Oceanus is absolutely beautiful. I think you may have awoken something inside me with that thing....
DO NOT GET INTO WATCHES.
@@NickShabazz I can already tell, its going to start out slow, just like my knife collection. Ill justify it by only letting myself buy watches in the $100 price range, and within a few months ill be a full blown addict.
The recent Spyderco Lil Native St. Nicks Exclusive sold out in just three minutes. If you weren’t committed right away you miss out. This is just the reality of a lot of exclusive knives. You really will miss out and possibly have to pay higher secondary prices later down the road if you want one.
Ok, I get the Limited Edition stuff..I collect knives..what about going after discontinued items..ie, I found a Sage 2 Ti still on Walmart’s stock so I bought it..
what!!!!! spyderco at walmart!!!!! i need to move
Wal-Mart has tons of Spyderco, and , Kershaw’s and the other big boys
@@Foxrock321 not where im at, they've got Gerber and gun brand knives. its rough
Some of my fellow knife addicts mis-interpreted what I said about Spyderco and Wal!Mart..I didn’t go into my local store to buy my Sage 2 Titanium...I bought it on Walmart.com. AND I do believe there are still a couple left at $209...not bad for an out of stock discontinued item
As ironic as this sounds, I'm too poor to afford to pay attention to limited edition stuff and in general to purchase stuff under pressure. My money are too little and to precious to through around on stuff I can't research properly first! I felt something like this recently with all buzz around the SKX being discontinued. I almost went as far as asking a friend to borrow the money to get one while still available... But then I allowed myself a little more thinking time and decided that wouldn't be a smart move. There are so many modding sites for SKX that you can build one out of spare parts should you really one one... So, I just relaxed and went on with my business. Plenty of other, more meaningful, projects to take on!
Like fear of missing out on the $600 AD-15?
With Giant Mouse, not only are the regular versions limited to 300, there are only 100 of the "pirate" versions. Then you have the numbered first runs, and the coins...
Their “ACE” line is unlimited, and seems to be their focus these days, which I very much appreciate
@@NickShabazz True. Any plans on reviewing the Biblio? It had a rabid following in the GM community.
Thanks for this Nick. I couldn't agree more. I really wish Spyderco would release another Bowie... I want one, but don't want to spend 400-500 dollars on it.
Christian Duke It is an amazing knife, but the secondary market prices are ridiculous.
The way I looked at the hype for the para 3 in maxamet was that I wanted it but didn't want to jump to quick but I knew I wanted it they were still around weeks after all the hype and sellouts but couldn't be happier with it my purchase
Nick I think you’re looking at this all wrong. The fact that the knife is an exclusive limited run means you can purchase it try it out and sell it and at least get your money back. It’s a win-win. I like it and I hope it continues. I do not care for the people who buy knives just with the intention of selling them but that’s just a free market we can’t stop that.
Busse Combat knives and Spyderco use this too much. I freaked wanting HAP 40, actually did get my favorite model in it and stopped freaking. Delica Wharncliffe variant. I have plenty of folders. Buying fixed blades for steel is fussy. Design counts, keeping it sharp. Thats more than enough for a user. I came here from Cedric and Ada's video of two days ago shaved head and sold my knives.
Oher aproach is to ask someone to give you his/her honest opinion about what you are about to purchase without telling them it is a limited edition article or its price....I did this with the Casio Oceanus OCW-S5000C-1AJF ....I asked my son who owns the first titanium one his opinion about it....he surprisingly said "Dad...I really like mine much more....."
My biggest issue with this phenomenon is that limited editions are generally rather expensive.
When you’re tight on money, you can’t afford to buy right away. No matter how much you want that particular thing.
This means the company misses out on an almost guaranteed purchase if that item would’ve been available down the road.
I think Nick just wants to reduce the number of people competing with him to get those limited edition Spydercos.
I own 3 knives, one is edc and because I live in Asia, 2 are back ups. The only reason I have 3 is the price was excellent and I was replacing a lost edc.
I only fomo on stuff thats being discounted and discontinued after many years on the market at full price. 😂🤣
Like anything else in life - it's easy to forget what you've got next to what you yearn for.....
I hate that shit. It’s so stupid because they make something awesome that “everyone” wants and could sell 10,000 but no, they only make 1000 and so make 90% LESS than they would have made. As long as they are selling ‘em like hot cakes they should KEEP MAKING THEM! Imagine if Apple was like “Well, we are only going to make 10,000 iPhone Xs next year so even though we can sell millions we want it to be special. More income? We aren’t interested.” The shareholders would love that. The manufacturers should have FOMO lots of money 💰. Idiots.
I do the same thing as a bottom feeder for super low prices. It's a great deal, so I want it. Anymore I ask my self, do I have something comparable? If I do then I can pass, even if it's a great deal.
Brilliant
This explains a lot about my behaviour. Thanks mate 👍🏼
I get "fomo" constantly with my knife collecting. Sprint runs are especially bad, but I guess that's the marketing psychology doing it's job. However a perpetual lack of funds is a limiting factor for me and one which I'm in a way thankful for
You know what really makes it bad? The secondary market...
The Shaman is a beautiful example. I’ve been wanting one for months now. I missed the z-wear sprint (the one I realllyy wanted) because i was on a fly fishing trip and frankly, had other priorities. I refuse to pay $400 for a $220 knife on the secondary market. Fuck that...and let’s be honest....who’s buying at these insane prices? It must be somebody. It’s gotten so bad with the Shaman that you’re hard pressed to find *any* plain edge model out there for under $300. They’re just not in stock anywhere. Two things keep you on the straight and narrow. Patience and impulse control. The secondary market is DIRECTLY responsible for this type of thing in certain cases. These people buy em up (sometimes with bots), jack up the price and who gets screwed? We have the power to change this, people. You can’t just keep asking for more every time you get fucked over. At a certain point, it becomes your own fault.
Yes, i was fomo about my acquisition of the LM wave. Just bought it around July 2019 right after I found one in an online store. Because i’m new to the multi tool world, I want a wave but i just hate the + in the name so i didn’t buy any wave+ and hope to see the prior version and i did.
The only reason i don’t pick the Wave+ is only because the name has the + in it. 😂
True stories.. I just fomoed myself into buying a creely mako and a goodblue r 615 back to back. Is going to take 3 paychecks to re stabilize
I got fomo-ed once (well not once) in a positive way. I was at a flea market and i saw a fixed blade that i just recently heared about on youtube. It was the freakin Puma White Hunter. And it was the equivalent of freakin $20 (otherwise $350 new). I got instant fomo, but i have thought about it for as long as we ate at pizza hut with my so. But right after that i went back and i just put my hand on it like a freakin owl, with the intention of rather dying than letting go. So that was a positive fomo which i don't regret till today.
But of course i have spent a lo-o-ot on actual useless things out of fomo (like top of the line things which i did not use after all)
All those marketing schemes provides just as much, as when something from the factory is labeled "collectors edition". Nothing made out as for collectors is actually for collectors.
Oh no! Don't get FOMO'd! Great topic video!
The point of this video is kinda lost on me because I spent the whole time wishing I got one of those M4 Shamans.
"Only one item left in stock AND ITS IN 3 PEOPLE'S CARTS"
OMG I BETTER HURRY
Amen! Double amen! It takes me months to decide to pull the trigger on a knife, months, and then 60% of the time it’s unavailable. 60 freaking %. It’s like hearing the doorbell ring half way through sex 😡
I know it’s been mentioned previously but what does Nick Shabazz do for a living? Just curious because I suspect he is a scientist of something.
Scientist working with sound and acoustics
I missed too many BRS balisongs. I fear I’ll miss it again.
I agree totally , ie 15v fomo
Very rational Nick, good job. 👍
Another reason why I work with custom makers and get on list.
I’ll get what I want and it’ll be unique to the world
I own over 30 fixed blades and 90% are custom and their sheaths
I use them without concern and have respect for the tool that they are
I do have safe queens but only 2
The pocket jewelry that are folder knives have their roll
I own and rotate my same 3 for 4 years. Rat2 aus8 removed clip
Pm2 for when I’m needing that extra something
And my skeletool cx when I do yard work,run my rc truck,anything that needs tinkering. None of these are jewelry.
Always carry a fixed blade along as my primary. Last yr I found my all purpose fixed blade. Neck carry and in pocket
Mike Wallace Wallace Edged Tools Field Mouse cpm154 Yellow Hawk Custom Kydex
I stay watching the folder reviewers cause I get it.
I do one day want to have a very concentrated set of folders that gives me joy.
Cool comment. I relate to what you said. Feeling a change in the wind
LOVE this video
Nice video !! Thanks
I agree, most knives and watches etc I order have plenty in stock. 😀
The best cure for FOMO is to actually miss out and find out how unimportant it is
But then you regret missing out when you could have made the purchase. It happened to me when I opted not to purchase the Rolex "Hulk" when I had the opportunity. I regret it every day now.
No ragrets in buying the CF/s90v Shaman :D
if I didn't have the M4 one, I would've done that for sure.