blind pool

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blind pool (plural blind pools)

  1. (finance) Collective investment (such as a company or syndicate) where the investors have little or no idea what is being done.
    • 1985, Richard L. Stern and Lisa Gubernic, "The Smarter They Are, The Harder They Fall", Forbes, 05.20.85, [1]
      A Manhattan-based lawyer who is an expert in "blind pool" stock issues--those with a prospectus that says we don't know what we'll do with your money--notes that one of the better tactics is pinpointing specific groups for the sales pitch.

Usage notes[edit]

May be used as a pejorative for a company providing poor information to shareholders.