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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). To endlessly add things to your records in an attempt to avoid liability (see CYA).
“Yeah, I have no idea what we should do, so let’s just paper the file so it looks like we made a thoughtful decision and bury the issue in a committee meeting somewhere.”
(1). When a freelance worker is hired by a large company to work on a project for years, but is not entitled to (or offered, for that matter) health benefits.
(2). Kinda like having a job….kinda….
“Permalancing is great! It’s like I work for the company, but I really don’t. I mean, they can let me go at any moment, without any notice, but I still think it’s the right thing for me. **cough** **cough** Oh this cough? Don’t worry about it, I’ve had it for about a month but I’m sure the Tylenol Cold & Sinus will take care of it eventually. **cough** **cough**”
