blind pool
noun1
Business, Finance Collective investment (such as a company or syndicate) where the investors have little or no idea what is being done.
- 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.1985, Richard L. Stern, Lisa Gubernic, “The Smarter They Are, The Harder They Fall”, in Forbes, archived from the original on 10 Sep 2005, 05.20.85: