(1). See back of the napkin.
“This is just back of the envelope, but I think we can get this done for only a couple thousand bucks. Wait, you’d like to see our rate sheet? Gotta go!”
Back of the Envelope
RANDOM LINGO
Style Drift
(1). When an investment manager veers slowly away from the type of investments he’s supposed to be making. Usual result is affectionately referred to as “turnover”.
“Well, Mike, I think it’s safe to say you guys have experienced a little style drift lately. Buying California municipal bonds in a Turkish equity strategy is just not really what we were looking for.”
Plaid Suit
(1). That guy on your sales team that just oozes “used car salesman”. He actually probably drives a Maserati.
“Ugh…Dan is such a plaid suit! He’d try to sell you his mother’s house if he could…with her still in it!”