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George Carlin, RIP: 7 Words You Can't Say on Financial TV
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Sports Business Reporter
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George Carlin |
In tribute to him, and one of his greatest skits (Seven Dirty Words You Can't Say on Television -- WARNING! ADULT CONTENT), I'm giving you the seven words you can't say on financial television.
Definitions are from Campbell R. Harvey's Hypertexual Finance Glossary.
Long straddle
Taking a long position in both a put and a call option.
Horizontal merger
A merger involving two or more firms in the same industry.
Tenbagger
A stock that grows in value ten-fold.
Crack Spread
The differential between the price of crude oil and petroleum products extracted from it.
Bulge bracket
A tier of firms in an underwriting syndicate that have the highest participation level.
Asset stripper
A corporate raider that takes over a target company in order to sell large assets to repay debt.
Back-end load fund
A mutual fund that charges investors a fee to sell shares.
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