Continuing our Financial Acronym 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 RICH.
You’ve likely heard traditional terms like: ACE, EBIT, EBITDA (just add DA), AAGR, CAGR, NPV, MBS, MIV, ROI, CFCT, CDS. And of course you’ve learned 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.
Financial Acronym – RICH
For this week, I’ve coined the term: Reliable Investor Confidence & Hope (RICH) to describe the ability of certain companies or asset classes to maintain support and optimism from investors despite market headwinds, public relations problems, or weak fundamentals. Usually, it results in increased wealth for a critical few.
For example, Apple
investors appear to be more committed than a U.S. Postal worker (“Neither snow nor rain nor heat nor gloom of night stays these investors from the swift confidence of their investment funds) helping company executives get RICH, despite weak demand, store windows cracking, and slow start in the smart home segment.
Even in volatile market condition, those shiny-shoe guys each year in the NY, Chicago, London, and Singapore skyscrapers know how to get RICH!
It seems like I would run out of these jewels eventually, but in the meantime I’ll keep rolling out financial acronyms weekly (or so) as we go down this PtC rabbit hole together.
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