Andrew Ross Sorkin is a financial columnist for The New York Times, co-anchor of CNBC’s Squawk Box, and author of Too Big To Fail. These are the seven lines he suggests dropping to impress a finance blowhard.
1.”Is Tesla overvalued?” (There is no right or wrong answer, so sit back and enjoy the show.)
2. Ask, “Is the _________ industry getting Amazoned?” (Ditto.)
“Is the _________ industry getting Amazoned?”
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3. When someone tells you they’re selling a stock, ask, “Are you long or short?”
4. “I’m thinking about starting a family office.” (The superrich don’t use financial advisors anymore; instead, they are using “family offices” to manage their wealth.)
5. If someone tells you a stock is going to move, ask, “Is that on fundamentals or multiple expansion?”
6. “I don’t give cash to charity; I only donate low-basis stock.” (Giving cash is passé.)
7.”Why are you hurting yourself? I just do as Warren Buffett says and buy the index.” (You can’t go wrong if you invoke the sage.)
This article comes from our guide to bullshitting your way through any situation. Read the entire syllabus for an advanced course in the art of B.S. here.