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 March 24, 2010
“Return of principal is more important than return on principal”

Entry in progress—B.P.

29 April 1997, Providence (RI) Journal, “Out-of-state banking requires care” by Neil Downing, pg. E1:
“It’s the old Will Rogers maxim: Return of principal is more important than return on principal.”

Daily Markets
Three Things Your Investments Must Do
By Nilus Mattive on March 24, 2010
(...)
An old Wall Street saying is that investors should care more about a return OF their principal than a return ON their principal. Yet how many people really think about risk very much? A small percentage.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Wednesday, March 24, 2010 • Permalink