Wednesday, November 27, 2013

Dumb Things Finance People Say

These are terrific. I actively avoid financial television such as
CNBC as it is overwhelmingly bullshit and riddled with smarmy Ayn Rand
worshippers and rightwing shills. Nevertheless, anyone who reads about finance or economics will repeatedly come across these idiotic cliches.
1. "They don't have any debt except for a mortgage and student loans."
OK. And I'm vegan except for bacon-wrapped steak.
2. "Earnings were positive before one-time charges."
This is Wall Street's equivalent of, "Other than that Mrs. Lincoln,
how was the play?"

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