TagMyth

globster

globster Β n.β€”Β Β«Many monster enthusiasts believe that huge, unidentified masses that occasionally wash up on beaches throughout the world are sea monsters. These finds, often called globsters, are obviously flesh, yet have decayed so badly that they...

marked to make believe

marked to make believe Β adj.β€”Β Β«For example, a financial asset traded on multiple exchanges might be considered a Level 1 market. At the other end of the spectrum, β€œLevel 3,” no ready market exists to value assets or liabilities. A reporting unit or...

Go Fly a Kite

β€œGo fly a kite!” A caller from Washington, D.C. wonders whose kite is getting flown and why. Naturally, we have some ideas! Here’s a copy of the cartoon Grant mentions (from the Chicago Tribune May 15, 1927, p. G2). This is part of a complete...

mark to myth

mark to myth Β n.β€”Β Β«Banking auditors are watching carefully to ensure bank valuations based on in-house mathematical models are not, in the phrase coined by Warren Buffett, β€œmark to myth.” In the backwash of the credit crisis, U.S. and European banks...