Pete the Cooler enjoys using financial acronyms to shorten very complicated financial terms, just like the big boys 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.
It doesn’t hurt to maintain a forced power pose while talking, it will ensure that others submit to your prowess or mistakenly assume you are a manaical overlord scheming for world domination, and go back to Facebook and Twitter to their own future detriment.
You’ve likely heard the terms: ACE, EBIT, EBITDA (just add DA), AAGR, NPV, MBS, MIV, ROI, CFCT, CDS, ETC. Don’t you feel lowly and beneath me, now?
Not yet, you say? Well, get ready to drop DeAD with envy!
I’ve coined the term: Devastating Asset Decline (DeAD) to describe significant declines in value of an investment over a given period of time.
For example, Ra Pharmaceuticals
went DeAD by more than 30% as of 1 pm today, despite announcing positive interim results from Phase 2 Study of RA101495 SC in Paroxysmal Nocturnal Hemoglobinuria.
Those shiny-shoed guys in the NY, Chicago, London, and Singapore skyscrapers will be using it within 6 months; It’s that good.
And, there are a lot more jewels where that came from. I’ll roll out additional financial acronyms weekly (or so) as we go down this PtC rabbit hole together.