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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). In finance, a term used to describe non-financial client services (e.g. Advising on family matters, concierge services, etc.) most of which are provided generally without compensation.
(1). A metaphoric ammunition that CEO’s, managers, and business owners alike believe can rectify a major issue a company is currently experiencing.
(2). In their physical form, silver bullets are commonly used to eliminate werewolves….which are totally real.
“Ok, so we found the smoking gun and now we just need to find the silver bullet to fix it so we can all put this whole thing behind us. I swear to God, this is the last time I listen to that janitor down on the third floor who moonlights as a psychic.”
