Aldrums is right. And Alan is right.
"dumb" does carry an extremaly negative connotation, and IS bound to rub somebody the wrong way.
On the other hand, it does have a very specific meaning in investing community. It's a shame to have to avoid using standard termnology because it may offend somebody.
Keep using "dumb money", Alan. Just have a handy rejoinder ready to let your audience know that you are not calling them stupid.
Now, maybe he doesn't need to use the term at all, because I'm still not convinced that the term really applies to trading. Although I have heard it used that way - a secondary, more-recent definition - I HAVE heard a lot of traders refer to new traders, or traders using the "random trade" methodology :) as "dumb money".
But I really think that as used on the "street" the term ("smart money") refers to insiders, investment bankers, VC, fund managers, etc.
Hey, is there some online dictionary where we can look this up? :) |
