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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, to sell investments that have appreciated quickly in an attempt to lock in profits. The phrase is used by financial advisors when speaking with clients to provide them with a sense of accomplishment that will; 1 lead to their approval, and 2 allow the advisor to gloss over the poor performance of other investments in the portfolio.
(1). When your company decides to change the job descriptions of employees they want out, in hopes that they will just up and quit, thereby avoiding having to pay severance.
“So, Jim, with the current realignment going on, we thought this would be a good opportunity to redefine your role to something more suitable to your skillset. So, we’re thinking mailroom. Thoughts?”
Props to Denise M. for the submission.
