Continuing our Financial Acronyms of the Week series, I’d like to remind you that Pete the Cooler enjoys using financial acronyms to shorten very complicated financial terms, just like the masters of the universe of the financial world do. It sounds so slick, suave, and sophisticated to rattle off a bunch of terms to show your superior financial intellect. So today, you will learn the meaning of DIVA.
You’ve likely heard traditional terms like: ACE, EBIT, EBITDA (just add DA), AAGR, CAGR, NPV, MBS, MIV, ROI, CFCT, CDS, and of course PtC’s signature term, Devastating Asset Decline (DeAD) to describe significant declines in value of an investment over a given period of time. You can find all of Pete the Cooler’s Financial Acronyms in the glossary.
As always, while using this terminology to show dominance, maintain a forced power pose while talking to ensure that others submit to your prowess or mistakenly assume you are a maniacal overlord scheming for world domination, before they return to Facebook and Twitter to their own future detriment.
For this week, I’ve coined the term: Depression from Investing in Volatile Assets (DIVA) to describe the feeling you get from owning assets, particularly those for which people develop strong affinities, that have frequent and significant fluctuations in price.
For example, if John McAfee wasn’t already acting DIVA, he will definitely act DIVA if Bitcoin fails to reach his loudly proclaimed, HOPEful expectation of $1M USD per BTC, after making this very Smart and stable genius comment about eating his own **** if it fails to perform to that level.
There are a few of those shiny-shoe guys each year in the NY, Chicago, London, and Singapore skyscrapers who feel DIVA, and the rest of us will feel it at some point. Don’t be surprised if you hear guys in suits talk about being DIVA. It’s that good.
And, there are a lot more jewels where this came from. I’ll keep rolling out financial acronyms weekly (or so) as we go down this PtC rabbit hole together.