Drifter ( drifters plural ) If you describe someone as a drifter, you mean that they do not stay in one place or in one job for very long. Drifted, drifting, drifts v. To be carried along by currents of air or water: a balloon drifting eastward; as the wreckage drifted toward. Drift - definition of drift by The Free Dictionary.
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It is important to understand the real political nature of this term, generally assumed to be about homeless people.
'High Plains Drifter' was about the reconstruction of society by an analyst. Why call him a drifter? Because drifters are analysts of society.
It is crucial to realize that in the context of a modern city, homeless and directionless people have no visible markings as such. 'Drifter' is a claimed identity of a specific subset, between 'Psychoanalyst' and 'Punk' This page hopefully describes this subset, referencing the literature of the subset in a verifiable way.
Drug warrior (talk) 00:03, 9 November 2008 (UTC)
Self sufficient non-conformist? Interesting how you could glean that all from an online dictionary.
Let it go (virtually) without saying that I hold a great romantic attraction to the lives of those we describe in this entry; nevertheless, I object to the idealized terms with which particular individuals have decided to characterize them. Live several months on the road, guy; then let me know it it fulfills that Karouacian fantasy. Bottom line: it's harsh, unfriendly, and cold. —Preceding unsigned comment added by 74.46.223.103 (talk) 08:32, 19 December 2010 (UTC)
'A completely free, fulfilling life'?[edit]
I agree with the above comments that the tone of the article is unencyclopedic and heavily biased. Could the person who has been reverting everyone who attempts to improve this article (usually accusing them of 'vandalism') please explain themselves? It's been going on for months now - if that many people think there's a problem, maybe you should try discussing it? -- 68.33.14.232 (talk) 13:31, 12 June 2011 (UTC)
{outdent)I'm not interested in your theories about my motivations. I'm interested to hear why you think that the article's glowing language about the romantic life of the drifter is encyclopedic. And what about the two other people you've reverted in the last few hours? Are they just trying to 'have the last word', too? -- 68.33.14.232 (talk) 20:39, 12 June 2011 (UTC)
The Lede[edit]
No offense, but the discussion above has turned into an involved argument between two editors. I'm pulling out the points in dispute for further discussion, and probably and RFC.
The first matter deals with defining drifters as...
'Drifters are self-sufficient anticonformists who never stay at one place for a longer period of time, and continually move from one location to another with no fixed destination, living a completely free, fulfilling life.'
This is sourced to the Oxford Dictionary online.
To begin with, Wikipedia is not a dictionary. If you'll check that policy page, you'll see I'm trying to explain that dictionary definitions are usually narrow and specific, while encyclopedia articles should be broad. Defining drifters as above ('are') effectively defines them 100% of the time, which isn't accurate. If the dictionary quote must be used, I would suggest that the sentence be softened by using 'may be,' or 'are defined as,' rather than using the broad dicionary definition. Dayewalker (talk) 23:05, 12 June 2011 (UTC)
Mentally Ill[edit]
This study [3] was sourced to add 'There is a tendency for some chronically mentally ill patients to become drifters, often due to a lack of treatment and rehabilitation facilities and services in urban areas' to the article. It's been removed by an IP, and I find no reason to remove the sourced information. Can anyone elaborate on why this is not a reliable sourced and relevant information? Dayewalker (talk) 23:21, 12 June 2011 (UTC)
![]() Protected[edit]
I've protected the article for one week because of edit-warring between several editors. If you guys work out a consensus before the week is up, I can remove the protection.
My two cents: changes like this are unencyclopedic, probably not accurate, and should be undone.
rʨanaɢ (talk) 23:28, 12 June 2011 (UTC)
Not true. Anticonformist means they do not conform to actual norms, hence they are drifters, not people who settle down like everyone else (e.g. have a job and a family).
I think what the original editor meant was that drifters are free of social standards that society accepts as granted. Drifters don't conform to such, thus they are 'free.' This seems appropriate.
I agree with the statement made in the article, but just like with the other part, the source is needed to support the claim. I think 'citation needed' note should be added for now.
As said previously, commenting on mental illness of any activity, including drifting (traveling) doesn't make sense, and is bias. 71.83.247.202 (talk) 00:04, 13 June 2011 (UTC)
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Redirect?[edit]
I think we might actually be better off returning this article to being a redirect to Vagabond (person), as it was until an IP (now blocked as a proxy) changed it back in November.[4] There seems to be substantial overlap between the two articles (Vagabond even begins 'A vagabond or “drifter” is an itinerant person...') and that article seems to handle the subject rather better. This one is essentially a POV fork. Or we could migrate some of the text from that article here if it seems that this is a better name; either way, we only need one article. -- 68.33.14.232 (talk) 04:31, 13 June 2011 (UTC)
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Talk:Drifter_(person)&oldid=436044460'
What Is Style Drift?
Style drift is the divergence of a fund from its investment style or objective. Style drift can result naturally from capital appreciation in one asset relative to others in a portfolio. It can also occur from a change in the fund’s management or a manager who begins to diverge from the portfolio's mandate.
Generally, a portfolio manager's commitment to managing a fund's assets according to its stated investment style over several years is positive investment quality. For obvious reasons, consistency in this particular area is preferable to style drift. Managers chasing performance have been known to use different strategies, which are often counterproductive and can change the risk-return profile of the fund for the investor.
Key Takeaways
Understanding Style Drift
Style drift investing can refer to any investment a fund manager makes outside of the fund's stated investment objective. Registered funds are under greater scrutiny for style drift than privately managed funds such as hedge funds. The Securities and Exchange Commission (SEC) has rules requiring that a fund invest 80% of its assets in investments suggested by the fund name. However, fund managers can invest the remaining portion at their discretion.
While a fund may have a clearly stated investment objective, some fund parameters may be extensive. For example, a stock fund or bond fund allows the manager to invest in the entire investable universe of stocks or bonds. When the allowable investments are broad, the portfolio has the flexibility for style drift within the legal constraints of the fund. In a stock fund, style drift can quickly occur when a fund’s stock investments increase across market cap thresholds. For example, a stock fund investing heavily in small-caps may see its portfolio drift into a mid-cap portfolio. If the fund’s only legal constraints are that it invests in stocks, then this style drift is compliant with its strategy. Under the same scenario, a stock fund manager may also see greater return opportunities in other areas of the equity market, which could cause him to deviate from an established style.
Some fund managers may use the fund's remaining 20%, which can be invested more flexibly, to make extreme investments outside of the fund’s primary objective. In some cases, this may be known as style drift investing since it deviates significantly from the main focus of the fund. Fund managers may use derivatives to hedge some of the risks of a fund for downside support. Fund managers may also hold significant amounts of cash in the discretionary portion of a fund for operational management.
Style Drift Due Diligence
Investors in regulated funds can rely on the SEC’s rules for some protection from style drift. Risks of style drift may be higher for alternative funds such as hedge funds. Standard investment due diligence can help an investor to identify style drift and understand the changing allocations of their investment fund. Holdings reports, asset mix breakdowns, sector breakdowns, and other transparent information about a fund’s holdings are important for investors to follow. The schedule of rebalancing for a fund can also indicate its susceptibility to style drift. Some financial data providers may also offer style drift ratio reporting, which allows investors to follow the style drift of a fund.
Investors averse to style drift may want to choose index funds, which are offered with a wide range of strategies including style, theme, value, growth, and momentum. Customized index funds tracking a specific style can be good for investors who seek to mitigate the risks of style drift.
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