The biggest mistake of herd mentality...
So few investors / punters do due diligence on the companies they invest in. Many people jump too quickly into the bandwagon because they believe that the large and reputable investors have got it figured out. They think that if the big wigs are there, "something must be right" or they must have access to proprietary information that led to their decision.
"They must see something in there that we don't"
These funds have several hundred investments across hundreds of millions of dollars. If one investment goes south, they rely on the rest to keep the entire portfolio afloat. Are you diversified enough that way to take the risk?
The next time you put your money into something, think again - is FOMO driving you? Are you absolutely sure about what you are getting yourself into?