White Elephant
Any investment that nobody wants because it is unprofitable. Investopedia Says:
The term 'White Elephant' is derived from Thailand, where an Albino (white) elephant was given to unfavored people by the ruler. Because these elephants were sacred and not permitted to work, it was a burden to the owner as it would eat up all the owner's money until he/she became destitute. Related Terms:
Falling Knife |