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.

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Entry from December 14, 2015
“Patience precedes profits” or “Patience precedes prosperity” (Wall Street adage)

“Patience is a virtue” is a proverb that has been cited in print since at least the fifth century.

“Patience precedes prosperity” has been cited in print since at least 1936. “Patience precedes profits” was cited in the book Dividends Don’t Lie: Finding Value in Blue-Chip Stocks (1988).


The Contrary Opinion—Buttons
Patience Precedes Profits
Alliterative and simple. Patience means waiting to buy until a growth stock sets up in a high-potential pattern. Patience means waiting to buy until your value stock gets cheap enough. And patience means holding patiently as your stock climbs, until you get an exit signal.

3 May 1936, San Francisco (CA) Chronicle, “Joe Jinks Featuring Dynamite Dunn” (comic strip), comic section:
(An experienced fisherman explains fishing to a boy.—ed.)
THERE WERE A FEW MOTTOS YOU OUGHT TO KNOW --
“PATIENCE AND GREATNESS GO HAND IN HAND”
“PATIENCE PRECEDES PROSPERITY”

Google Books
Dividends Don’t Lie:
Finding Value in Blue-Chip Stocks

By Geraldine Weiss and Janet Lowe
Chicago, IL: Longman Financial Services Publishing
1988
Pg. 62:
Patience Precedes Profits

Twitter
J.Buchanan
‏@jthewriter7
Patience precedes prosperity…
3:23 PM - 27 Jun 2013

Twitter
Bobby Sokolnicki
‏@FadeTrader
Patience Precedes Profit. #EverythingZeN
View translation
9:36 AM - 12 Apr 2014

Twitter
Michael M. Butler
‏@mikeviimusic
Patience precedes success. Can’t have one without the other.
10:22 PM - 14 Dec 2015
Philadelphia, PA

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Monday, December 14, 2015 • Permalink