How to Use It:
If you want to make a last ditch attempt at sounding smart when you have no clue what will happen in a given scenario, say it’s “high beta.” It sounds mathematically precise and will intimidate most people from challenging you.
Client: How do you think the IPO market will shape up for second half of 2016?
Senior Banker: Well you know, it’s high beta. We’ve seen some winners. We’ve seen some losers. You really can’t pin these things down. It’s high beta…did I mention that?
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