Stock Market Dictionary Via the Devil's Tongue
I've long been a fan of Ambrose Bierce's Unabridged Devil's Dictionary.
Bloomberg's John Dorfman has put together his own version: Stock Market Dictionary Via the Devil's Tongue.
Here are my favorite entries:
Accountant: A person who determines a company's revenue and earnings figures, and who is also paid by the company. An old joke has a CEO interviewing several prospective accountants. He asks each one, ``How much is two plus two?'' The winning answer: ``How much would you like it to be?''
Bear market: An unpleasant downturn in stock prices, generally exceeding 20 percent, that ends the day after you give up and sell all of your stocks.
Day trader: Someone whose investment time horizon is shorter than yours.
Earnings: (1) Profits. (2) The excess of revenue over expenses. (3) An arbitrary figure engineered by a company's executives to facilitate the rewarding of generous bonuses to themselves.
Long term: That period of time over which I am proven right.
Pro forma earnings: A company's self-serving earnings statement in which unfavorable things are disregarded on the grounds that they don't really matter.
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Source:
Stock Market Dictionary Via the Devil's Tongue
John Dorfman
Bloomberg, Feb 28, 2006
http://tinyurl.com/krx8p
Saturday, March 04, 2006 | 09:30 AM | Permalink
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Comments
You meant "Bierce", not "Pierce."
Posted by: Tom Gibson | Mar 4, 2006 9:59:16 AM
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