A woman and her boss want to resolve a dispute over the words reoccuring and recurring. Which is correct if you’re talking about something that happens again and again? Grant explains that there is indeed a difference between the two words—and...
fat tail n.— «Finance is about numbers, and some numerical analysis will always be needed to see trends and plan investment strategies. But there are limits to numerical jugglery, and this is the underlying message of the current round of...
black swan n.— Note: Probably related to the theories of philosopher Karl Popper. «Finance is about numbers, and some numerical analysis will always be needed to see trends and plan investment strategies. But there are limits to numerical...
stranger-originated life insurance n.— «In what has to be the wackiest new trend in life insurance, many consumers are allowing total strangers to place bets on when they will expire—and the sooner they go, the bigger the payoff. It’s...
STOLI n.— «In what has to be the wackiest new trend in life insurance, many consumers are allowing total strangers to place bets on when they will expire—and the sooner they go, the bigger the payoff. It’s called Stranger-Originated Life...
exploding ARM n.— «The man Bob Woodward called “Maestro” actually advised Americans to shun fixed-rate loans for adjustable-rate mortgages. Dubbed “exploding ARMs” to describe the impact of upwardly adjusting...