alpha n.— «What, exactly, do investors think they are buying when they hire investment managers such as hedge fund general partners? They would probably say something like “the ability to outperform the market”. In professional investor parlance...
trashcanistan n.— «Be sure to have exposure to international economies. You don’t have to buy shares in the Trashcanistan Fund to be a global investor.» —“Forecast 2000 Profits are strong. Inflation is tame. Are we in a New Era? Sure. But you still...