(1). Funds placed in relatively safe, income-oriented investments, intended to convince a conservative-minded client to invest other money in much more risky (read: expensive) investment than they otherwise would.
Sleep-Well Money
RANDOM LINGO
Graybar University
(1). Where Jeffrey Skilling and Bernie Madoff now go to school.
“Hey, Gil … you should probably stop telling people at the bar that our returns are going to be down next quarter. I’m pretty sure that’s a one-way ticket to Graybar University for a CEO ….”
Props to Tim P. for the submission.
Care and Feeding
(1). Ongoing client relationship management. The term is generally used to describe the absolute smallest amount of work you think you can do to avoid the client firing you.
“Now that the client’s accounts are all in and invested, it should really just be down to basic care and feeding at this point. As I always say – Get ’em in, get ’em invested, then see you in January!”