These definitions are a series.
“If you really study it”. (expression) a signal someone hasn’t changed their mind but is willing to capitalize on the current trend.
Assumption (noun): To make a theory into a law. This is not an issue because of Moore’s Law.
Middleman (noun). (1) the person who facilitates a transaction (2) the person screwing you in a transaction (3) the previous person who screwed you in a transaction, not this new innovator, no-sir not this new person, I will NOT ever complain about this new person.
Sludge Audit (verb). Evaluating the red-tapes, hoops, and frictions in a process. I’m going to batch these customer feedbacks and see if there’s a theme, then I’ll conduct a sludge audit to see how our processes can be improved.
Performance architecture (noun). The design of “structures to make better decisions and perform at optimal levels.” The last thing I do each day is write in my decision journal because it’s part of my performance architecture.
Crash (verb). A drastic change in the market with negative effects due to one’s time horizons. The market crash means Bob won’t be able to retire in two years. See also: Correction.
Correction (verb). A drastic change in the market with neutral effects due to one’s time horizons. The market correction means Alice will be buying more Bitcoin and hodling. See also: Crash.
Franchise Fees (noun). Customer acquisition cost. Chipotle for example..
Jason Zweig (unknowingly) turned my attention towards this idea. His book is The Devil’s Financial Dictionary.