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Bagholder
In financial slang, a bagholder is a shareholder left holding shares of worthless stocks. The bagholder typically bought in near the peak, when people were hyping the asset and the price was high, and held it all the way through steep declines, losing a large amount of money in the process. It can also refer to the holder of other assets and financial instruments that become worthless, such as the junior bonds of a defaulted company or the coins of a failed cryptocurrency. The word is derived by combining shareholder with the expression "left holding the bag." Examples The shareholders could be caught up in a corporate bankruptcy and accounting scandal, as was the case with Enron and Worldcom, or be the victims of a pump and dump scheme, in which investors fall victim to e-mail spam, rigged stock tip forums, or other tricks used by stock touts to drive up the shares of worthless penny stocks. If a worthless property is bought with the idea to sell it for a higher price, the gul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Precariat
In sociology and economics, the precariat () is a social class formed by people suffering from precarity, which means existing without predictability or security, affecting material or psychological welfare. The term is a portmanteau merging '' precarious'' with ''proletariat''. Unlike the proletariat class of industrial workers in the 20th century who lacked their own means of production and hence sold their labor to live, members of the precariat are only partially involved in labor and must undertake extensive unremunerated activities that are essential if they are to retain access to jobs and to decent earnings. Classic examples of such unpaid activities include continually having to search for work (including preparing for and attending job interviews), as well as being expected to be perpetually responsive to calls for " gig" work (yet without being paid an actual wage for being "on call"). The hallmark of the precariat class is the condition of lack of job security, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kitchen Sink Realism
Kitchen sink realism (or kitchen sink drama) is a British cultural movement that developed in the late 1950s and early 1960s in theatre, art, novels, film and television plays, whose protagonists usually could be described as " angry young men" who were disillusioned with modern society. It used a style of social realism which depicted the domestic situations of working-class Britons, living in cramped rented accommodation and spending their off-hours drinking in grimy pubs, to explore controversial social and political issues ranging from abortion to homelessness. The harsh, realistic style contrasted sharply with the escapism of the previous generation's so-called " well-made plays". The films, plays and novels employing this style are often set in poorer industrial areas in the North of England, and use the accents and slang heard in those regions. The film '' It Always Rains on Sunday'' (1947) is a precursor of the genre and the John Osborne play '' Look Back in Anger'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hot Potato (game)
Hot potato is a party game that involves players gathering in a circle and tossing a small object such as a beanbag or even a real potato to each other while music plays. The player who is holding the object when the music stops is eliminated. Origins The origins of the hot potato game are not clear. However, it may go back as far as 1888 when Sidney Oldall Addy's '' Glossary of Sheffield Words'' describes a game in which a number of people sit in a row, or in chairs round a parlor.. In this game, a lit candle A candle is an ignitable candle wick, wick embedded in wax, or another flammable solid substance such as tallow, that provides light, and in some cases, a Aroma compound, fragrance. A candle can also provide heat or a method of keeping time. ... is handed to the first person, who says: The one in whose hand the light expires has to pay the forfeit. See also * * * * * References {{Party games Children's games Party games ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greater Fool Theory
In finance, the greater fool theory suggests that one can sometimes make money through speculation on overvalued items with a purchase price drastically exceeding the intrinsic valueif those assets can later be resold at an even higher price. In this context, one "lesser fool" might pay for an overpriced asset, hoping that they can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value, which in some cases could be zero. The last "fools" to purchase in on the product in question are then left holding the bag, allowing earlier, lesser fools to make off with the profit. Crowd psychology Due to cognitive bias in human behavior, some people are drawn to assets whose price they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pump And Dump
Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump). Once the operators of the scam, scheme "dump" (sell) their Overvaluation, overvalued shares, the price falls and investors lose their money. This is most common with small-cap Cryptocurrency, cryptocurrencies and very small corporations/companies, i.e. "Microcap stock fraud, microcaps". While fraudsters in the past relied on cold calling, cold calls, the Internet now offers a cheaper and easier way of reaching large numbers of potential investors through Email spam, spam email, Securities research, investment research websites, social media, and misinformation. Scenarios Pump-and-dump schemes do take place on the Internet using an email spam campaign, through media channels via a fake press release, or through telemarketing from "Boiler ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fall Guy
Fall guy is a colloquial phrase that refers to a person to whom blame is deliberately and falsely attributed in order to deflect blame from another party. Origin The origin of the term "fall guy" is unknown and contentious. Many sources place it in the early 20th century, while some claim an earlier origin. In April 2007, William Safire promoted a search to unearth its origins. The term "fall guy" for one whom blame was directed upon in order to shield others had appeared in mass public culture in the U.S. at least by the 1920s. In 1925 it was the title of a Broadway play, ''The Fall Guy'', by James Gleason and George Abbott, starring future Hollywood character actors Ernest Truex and Dorothy Patterson. This was turned into a crime film by Hollywood in 1930, ''The Fall Guy'', with the "fall guy" again used by a gangster as an unwitting narcotics courier. It saw widespread use in the crime-dominated film noir era of the mid-to-late 1940s into the early 1950s. A related use of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Poverty
Asset poverty is an economic and social condition that is more persistent and prevalent than income poverty. It is a household’s inability to access wealth resources that are sufficient to provide for basic needs for a period of three months. Basic needs refer to the minimum standards for consumption and acceptable needs. Wealth resources consist of home ownership, other real estate (second home, rented properties, etc.), net value of farm and business assets, stocks, checking and savings accounts, and other savings (money in savings bonds, life insurance policy cash values, etc.). Wealth is measured in three forms: net worth, net worth minus home equity, and liquid assets. Net worth consists of all the aspects mentioned above. Net worth minus home equity is the same except it does not include home ownership in asset calculations. Market liquidity, Liquid assets are resources that are readily available such as cash, checking and savings accounts, stocks, and other sources of sav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholder
A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of shareholders on the business is determined by the shareholding percentage owned. Shareholders of corporations are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hazing
Hazing (American English), initiation, beasting (British English), bastardisation (Australian English), ragging (South Asian English) or deposition refers to any activity expected of someone in joining or participating in a group that humiliates, degrades, abuses, or endangers them regardless of a person's willingness to participate. Hazing is seen in many different types of social groups, including gangs, Team sport, sports teams, schools, cliques, universities, fire departments, law enforcement, military units, prisons, fraternities and sororities, and even workplaces in some Workplace bullying, cases. The initiation rites can range from relatively benign pranks to protracted patterns of behavior that rise to the level of abuse or criminal misconduct. Hazing is often prohibited by law or institutions such as colleges and universities because it may include either physical abuse, physical or psychological abuse, such as humiliation, nudity, or sexual abuse. Hazing activities have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winner And Loser Culture
A winner and loser culture is a culture which imagines many activities in society as a competition where one class of people are successful winners and another class are the losers who experience a lifestyle of failure. Characteristics Psychologist Oliver James described in a 1995 book how distribution of wealth results in some young people having more money for fortunate lives among a culture of winners while other young people are poor, surrounded by violence, and live in a culture where media and society describe much of what they do as loser culture. A 1997 socioeconomic study showed that a winner-loser culture encouraged violence in adolescents, with specific sociological emphasis on the role of violence. In part, findings reflected that juvenile violence is perpetrated by the presence of a winner-loser culture, which creates an " us against them" mindset that can lead to physical or verbal altercations. A 2005 sociological study of alcohol advertising examined the lifestyle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pyramid Scheme
A pyramid scheme is a business model which, rather than earning money (or providing Return on investment, returns on investments) by sale of legitimate product (business), products to an end consumer, mainly earns money by recruiting new members with the promise of payments (or services). As the number of members multiplies, recruiting quickly becomes increasingly difficult until it is impossible, and therefore most of the newer recruits do not make a profit. As such, pyramid schemes are unsustainable. The unsustainable nature of pyramid schemes has led to most countries outlawing them as a form of fraud. Pyramid schemes have existed since at least the mid-to-late 19th century in different guises. Some multi-level marketing plans have been classified as pyramid schemes. Concept and basic models In a pyramid scheme, an organization compels individuals who wish to join to make a payment. In exchange, the organization promises its new members a share of the money taken from every ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
