From a chat today with a hedge fund guy:
Market impact ate my alpha.
Like me, most of my readers will have heard variants of this one before, but for everyone else it’s such an evocative and lovely phrase — like out of some filmic cross between Wall Street and Godzilla — that I had to repeat it here.
Related posts:
Not exactly in the same realm, but my favorite has always been:
“My dogma ate my karma.”
I think I first heard this in 1986…