Style drift
Risk & psychologyAbandoning a stated strategy in favour of whatever has recently performed well.
In plain terms
The mechanism that delivers the worst possible timing — usually near the top of the cycle being envied.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Abandoning a stated strategy in favour of whatever has recently performed well.
The mechanism that delivers the worst possible timing — usually near the top of the cycle being envied.