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:
“Why did the pirate send his hot dog back at Nathan’s?"/"Because it was a salty dog.” (9/20)
“Sex is like music: for every person who pays for it, there are thousands more getting it for free” (9/20)
“Why did the pirate ask to get a mortgage with 3.142 percent interest?"/"He wanted the pi-rate!” (9/20)
Entry forthcoming—B.P. (9/20)
“What is a pirate’s favorite type of music?"/"Arr and B!” (9/20)
More new entries...

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Entry from January 30, 2011
“Never bet on a possibility against a certainty”

"Never bet against a certainty” or “never bet against a sure thing” has long been common wisdom. But what about having good odds on a possibility?

“Never bet on a possibility against a certainty” was said in a 1962 issue of U.S. News & World Report to be “an old financial adage.” A 1962 issue of the Atlanta Economic Review also describes “Never bet on a possibility against a certainty” as “an old financial adage.” Other citations of the adage are lacking, but the logic of the adage is commonly known.


Google Books
U.S. News & World Report
Volume 52, Issues 10-18
1962
Pg. 69:
“There’s an old financial adage, ‘Never bet on a possibility against a certainty.’”

Google Books
Atlanta Economic Review
Volumes 12-13
1962
Pg. 7:
“Never bet on a possibility against a certainty” is an old financial adage!

Prop Secrets
Thursday, September 30, 2010
Thanks!
(...)
LESSON LEARNED: Never bail on a sure thing. Never bet on a possibility. 

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Sunday, January 30, 2011 • Permalink