martingale martingale  /ˈmɑr tɪ ˌŋeɪl/

Definition(s):

  1. (n) a harness strap that connects the nose piece to the girth; prevents the horse from throwing back its head
  2. (n) spar under the bowsprit of a sailboat

Usage(s):

  • Anyone who knows a martingale from a bridoon knows that show jumpers are seldom good mounts for the hunting field, that not one steeplechaser in 100 is fit to enter a show ring.

News

  1. Why Warren Buffett Called The Fed 'The Greatest Hedge Fund In History'

    In a world in which all the matters is "scale", the ability to Martingale down on losing bets as close to infinity as possible (something which JPMorgan learned with the London Whale may not be the best strategy especially when one can't print money out of thin air), and being as close to the Fed's Heidelberg rotary printer as possible, it was expected that that "expert" of government backstops ...
    on September 22, 2013     Source: Business Insider

  2. Warren Buffett: "The Fed Is The Greatest Hedge Fund In History"

    In a world in which all the matters is "scale", the ability to Martingale down on losing bets as close to infinity as possible (something which JPMorgan learned with the London Whale may not be the best strategy especially when one can't print money out of thin air), and being as close to the Fed's Heidelberg rotary printer as possible, it was expected that that "expert" of government backstops ...
    on September 22, 2013     Source: Zero Hedge

Word of the Day
affectation affectation
/ˌæ fɛk ˈteɪ ʃən /