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Wednesday, March 08, 2006

The Devil's Dictionary For Stock Markets

Since I learned of it in high school, I've been a big fan of the Devil's Dictionary (Ambrose Bierce's more than slightly sarcastic collection of alternate definitions for common words or phrases).

Now I find out that John Dorfman is working on one for the stock market. Here's a sample:
Pro forma earnings: A company's self-serving earnings statement in which unfavorable things are disregarded on the grounds that they don't really matter.
Read the whole thing here.

HT: The Big Picture

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