(3). To plan out connec…oh, whatever, it’s just some stupid expression tech guys use to make it sound like whatever project they’re working on is going to be way more complicated than it actually will be….
“Okay, so before we can get started on the functional spec for the new GUI, we’re going to have to map the current system flows, inter-custody SEFT protocols and…man, this sounds like a lot of work…any room in the budget for a consultant?”
(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.”