Financial Quote du Jour

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.


  1. Not exactly in the same realm, but my favorite has always been:
    “My dogma ate my karma.”

  2. Richard Leighton Dixon says:

    I think I first heard this in 1986…