« The Shorter Ben Bernanke | Main | Gentlemen, No Short-Selling in Here! This is the Stock Market! »
Latest Stories
- Be It Resolved: Shares are Derivatives
- Are Bernanke and Paulson at Odds?
- Economist Irving Fischer Talking Stocks From 1929
- Contest: Count the Market Bottoms
- Markets are (Mostly) Digging All the Attention and Gifts
July 15, 2008
Bad Financial Jargon du Jour: Terminal Wealth
Today's pick for bad financial jargon is the expression "terminal wealth". It sounds, of course, like what happens to some rich guy who gets nailed by a bus: You were wealthy, but now you've been terminated.
Instead, however, it refers to what an investment is worth at end of its planned holding period. The expression shows up regularly in the institutional fund management literature -- and it gives me the heebie-jeebies every time.
Sphere It
| 
Digg it
| 
Bookmark it
| 
Stumble it
| 
Facebook it
