Here at TheHabitStacker we love all things Habit, Finance, and Investing. That’s why we can’t wait to share another witty and satirical definition from Jason Zweig’s book, The Devil’s Financial Dictionary. If you’re an investor, you’ll enjoy this one, we almost guarantee it. Just be prepared to laugh and cry, all at once.
ACCOUNT STATEMENT, n. A document from a bank, brokerage, or investment firm that is designed to be incomprehensible to CLIENTS, thereby preventing them from asking impertinent questions like “Who set my money on fire!” You might be able to recognize your balance and recent transactions on an account statement, although that will be easier if you earn a PhD in cryptography first.
Jason ZWEIG
Financial Journalist