A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

Recent entries:
“A man is washing the car with his son. The son asks, ‘Dad, can’t you just use a sponge?‘“ (6/23)
“Don’t waste a moment of your life trying to be normal” (6/23)
“Dance like no one is watching. Because they are not. They’re checking their phones” (6/23)
“Dance like no one is watching. Because they are not. They’re checking their phones” (6/23)
Entry forthcoming—B.P. (6/23)
More new entries...

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Entry from February 08, 2011
“Amateurs manage money by taking risk; professionals manage risk by taking money”

“Amateurs manage money by taking risk; professionals manage risk by taking money” is a saying that’s been cited in print since at least 2007 and is of unknown origin. “Strat” has posted this saying frequently on the Forex Factory Forums and on other forums.


US Stocks Investing and Trading
Amateurs vs professionals
August 18, 2007 at 11:51 pm | Posted in Quote of the day
“Amateurs manage money by taking risk, professionals manage risk by taking money.”

naked capitalism
Thursday, August 7, 2008
Too much risk?
One of the more depressing bits of emerging conventional wisdom is the notion that the financial system took on “too much risk” in recent years. I think it is equally accurate to suggest that the financial system took on too little risk.
(...)
COMMENTS
Lune says:
August 7, 2008 at 2:13 am
There’s an old saying in the investment world that amateurs chase returns while professionals manage risk. Unfortunately, the professionals seemed to be missing this last decade.

Forex Factory Forums
strat
Feb 27, 2009 2:03pm
We are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Tuesday, February 08, 2011 • Permalink