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What is Jonestown Defense?

Definition of Jonestown Defense

An extreme defensive tactic employed by the management of a target corporation to prevent a hostile takeover. The defensive tactics are so extreme that they typically lead to the destruction of the target corporation. See: Suicide.Joseph EffectThe tendency for persistent time series (0.50<H<1.00), to have trends and cycles. The term "JosephEffect" was coined by Mandelbrot in reference to Joseph's interpretation ofPharaoh's dream of seven fat years followed by seven lean years.
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