Malapropism

[mal-uh-PROP-iz-um]

(noun) The mistaken use of a word in place of a similar-sounding one, often unintentionally humorous.

His toast included a memorable malapropism when he thanked the “distinguished constipation” instead of constellation of guests.

Wall Street Isn’t Warning You, But This Chart Might

Vanguard just projected public markets may return only 5% annually over the next decade. In a 2024 report, Goldman Sachs forecasted the S&P 500 may return just 3% annually for the same time frame—stats that put current valuations in the 7th percentile of history.

Translation? The gains we’ve seen over the past few years might not continue for quite a while.

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_{*Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.}