Glossary

We have used some terms from colloquial language, specifically from youth slang and the Urban Dictionary. Additionally, foreign words. Here are definitions and translations:

Slang & Colloquial Language

Blowhards

Braggarts (plural)

Braggadocios

Braggarts, show-offs (plural)

Connaisseurs

Connoisseurs (plural)

Soccer Aficionados

Football enthusiasts

Coolcat

A hip, fashion-conscious person

Copycat

A company that copied its business model from another

SWAG

Originally "stolen goods." In youth slang: an admirably cool or charismatic aura

Mixed Emotions

Ambivalent feelings

Concepts & Principles

Peter Principle

In every hierarchy, employees are promoted until they reach a position where they are incompetent. The work is done by those who have not yet been promoted to their level of maximum incompetence.

Meme(s)

Images, videos or texts that spread virally across the internet. Expressive motifs combined with text to create new meanings.

Fun Facts

Interesting facts that are curious, remarkable and astonishing. They don't have to be funny.

Urban Legend(s)

Modern myths — anecdotes passed on verbally or via social networks whose source can no longer be traced.

Highlander Attitude

From the 1986 film "Highlander — There Can Be Only One." Tolerating no competitors around you.

Persona Non Grata

Unwelcome person — originally a diplomat who must leave the country

Finance & Football

EBITDA

Earnings before Interests, Taxes, Depreciation and Amortisation. Includes amortisation of both intangible and tangible assets.

50+1 Rule

DFL regulation: capital investors cannot acquire a voting majority in football companies where clubs have outsourced their professional teams.

UCL

UEFA Champions League

Prediction Market

A trading platform where participants trade on the outcome of future events. Functions like a financial market with an order book and price discovery.

Directional Alpha

Systematic trading strategies for prediction markets based on structural mispricings

Arbitrage

Exploiting price differences between different markets for the same event

Event Risk

The risk of a specific event — rate hike, earnings miss, or football result

CFTC

Commodity Futures Trading Commission — US regulatory authority for derivatives and futures markets

Organisations & Institutions

IM

Informal collaborator of the East German Stasi secret police

FDGB

Free German Trade Union Federation — umbrella organisation for trade unions in the GDR (1945–1990)

ALS

Amyotrophic lateral sclerosis — an incurable degenerative disease of the motor nervous system

YouGov

Publicly listed British market and opinion research institute

SAP

Publicly listed software corporation from Walldorf, Germany. Europe's largest software company by revenue.