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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). The way some people get when someone challenges or disagrees with them, often ending in a public (and relatively salty) series of post-meeting rants.
“Whoa…Mike really got up on his hind legs this morning after David pushed back on his proposal. I mean, did you ever hear someone drop the f-bomb so many times during one conference call?”
(1). A scientific experiment designed to determine how badly you’ve screwed something up.
“We need to take a temperature check to see how mad the customer is that we missed our deadline.”
Props to Terry D. for the submission.
