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It has mediocre assets but is good at extracting value from them".
"People are bidding up mediocre assets hoping that a greater fool will come along to buy them," says Tim Price, of Union Bancaire Privée, a bank.
American markets are currently mediocre assets at a fair price but certainly not a cheap price.
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If you buy a mediocre asset at a bad price, it may never come back, or it may take many years for it to recover.
Their performances have been mediocre since, and assets have rushed out.
Asset quality is mediocre, with gross non-performing loans at 4.6% of total loans, and another 3% classified as "restructured" (typically a fifth of these turn out to be dud).
The Toronto Maple Leafs, the company's biggest asset, are off to another mediocre start this season, with a 5-5 won-lost record.
The mediocre pot will contain the other foreign retail assets, which RBS will attempt to auction.
At the time Lynch retired in 1990, the fund had amassed assets of $12 billion — and the beginnings of a mediocre record.
Big diversified managers with mediocre performance will have to cut fees to hold on to their assets.
Strength up the middle was one of the team's great assets in its Cup runs, but Richards' decline and a mediocre season from Jarret Stoll erased that edge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com