Favorite Level III Terms

Hank Moody

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If you picked up a catchy new term or phrase in your reading, post it here. I’ll start off with two:
- Ruin probability (from Private Wealth Management)
- Disintermediation (from Portfolio Managment for Institutional Investors)
 
I’ve forgotten what disintermediation means, but if you’re goinng to bring up that word somewhere other than a library or classroom setting - good luck!
 
Intellectually Fit
(Level III 2012 Volume 1 Ethical and Professional Standards, 5th Edition. Pearson Learning Solutions p. 204).
 
oh this is going to be fun after being absent for 2 years from the beast…
 
A “rational economic man” in “back office” sees a “fallen angel” “strip” and then doing a “sandwich spread”. on a table..He thinks it is a “recallability trap” and assesses his “risk tolerance”. He does “stress testing” on the table, although not as “stationary” but it does “satisfice”. Keeping “Roy’s safety rule” in mind, he loosens his “collar”, “protective(ly) put” on a “cap” and starts the “exogenous shocks”.
 
From 2011, but…The “I was almost right” self defence mechanism.
 
Reading 14
From the human capital, asset allocation, and life insurance model…
Ualive( ) and Udead( ) - the utility functions of the states living or dead
The more I read from this chapter, the more utility I would gain from the state of being dead.
 
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