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(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.”
(1). Acts of public self-congratulation among co-workers, often after being notified of an increase in compensation, and almost always in front of people who did not share in that increase.
“Oh sure, while those guys are giving each other high fives over in Sales, we’re stuck here in Accounting doing the real work!”
(1). A half-cocked idea that you came up with, blurted out at the last company sponsored happy hour and your boss accidentally overheard….and loved. It is now your primary function.
“Yes Stan! I love that idea, its definitely got legs! I can’t believe we never thought about selling cigarettes and lighters at the pump!
