hog
n.— «There are, however, a number of investors—for example, central banks and pension funds—that rely only on the rating agencies for their information. Thus they fail to act when the markets start moving, and are forced to act when the rating agencies admit that the quality of the bond is actually lower than was previously thought. These investors are called “hogs” in the market—they are fattened up and then slaughtered.» —“The robbery of the century” by Chan Akya Asia Times (Hong Kong, China) July 14, 2007. (source: Double-Tongued Dictionary)
Further reading
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