Tits up

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

Germknödel on the launchpad, yesterday

Index — Click the ᐅ to expand: Glossary

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What elephants may or may not hide upside down in.^[1]

Where, eventually, we are all headed. Where many of our legendary forbears — the Enron ron, LTCM, Madoff, Lehman, Amaranth, Archegos, Wirecard, Theranos, Melvin, Greensill, Silicon Valley Bank, and — breaking! — Credit Suisse have already gone.

References

↑ “Did you know that, for a disguise, elephants paint the soles of their feet yellow, and hide upside-down in custard?”
“Trouble me not with such nonsense.”
“But have you ever seen an elephant hiding upside-down in custard?”
“No —”
“SHOWS WHAT A GOOD DISGUISE IT IS.”