Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. The terms you thought you knew no longer mean what you thought they did, if you know what I think I mean. By Walter Updegrave Stock valuations aren't the only thing that get distorted beyond recognition in a bull market.
Words do too.
Take the article that appeared in the Wall Street Journal yesterday about the new Eaton Vance Tax-Managed Value Fund. Of course not. They're made-up words that can mean whatever you want them to mean. It reminds me of the scene in Lewis Carroll's Through the Looking Glass where Humpty Dumpty confuses Alice by misusing real words and creating fake ones like brillig, slithy and toves. Humpty would have made a great spokes-egg for a mutual fund firm.