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American investor Warren Buffett doesn't trust stockbrokers. If their advice was so great, why aren't they themselves rich? He told the Los Angeles (CA) Times in April 1991: "Wall…
"At my age, I don't even buy green bananas" is often credited to Florida Congressman Claude Pepper (1900-1989), but there's no documentary evidence that he said it before 1986.…
"Smashed potatoes" was, originally, another way of saying "mashed potatoes." The term "smashed potatoes" has been cited in print since at least 1859. The books Maine…
"Money can't buy happiness" is a proverb that has been cited in English since at least 1821. "Anyone who says money can't buy happiness doesn't know where to…
"Money can't buy happiness" is a proverb that has been cited in English since at least 1821. There have been many jocular additions to the proverb. A 1985 Chicago (IL) Tribune…
Citigroup CEO Chuck Prince told the Financial Times in July 2007: “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to…
VIX (often called the "fear index" or "fear gauge") is the ticker symbol of the Chicago Board Options Exchange Market Volatility Index. The adage is: "When the VIX is high,…
'Generals always fight the last war" means that military strategy often focuses on what has happened rather than what will happen. "There is a tendency in many armies to spend the…
Upton Sinclair (1878-1968), formerly a socialist, unsuccessfully ran for governor of California as a Democrat in 1934 under the End Poverty In California (EPIC) platform. Sinclair said that he…
Former U.S. Secretary of State Henry Kissinger is credited with saying "Ninety percent of the politicians give the other ten percent a bad reputation" (or "Corrupt politicians make…
"Ancient Rome declined because it had a Senate; now what's going to happen to us with both a Senate and a House?" is attributed to humorist Will Rogers (1879-1935). Rogers actually…
A donut and a bagel have been used in the sports world to represent the number "zero," for no score. The doughnut and the bagel and the number zero all have a hole. A "doughnut"…
"Spread My Work Ethic, Not My Wealth" is a bumper sticker slogan that has been a popular tea party slogan since April 2009. The saying might be related to Democratic presidential…
Many employees on Wall Street expect to see annual bonuses. A December 2010 article in the New York (NY) Times reported on a new club called "the Zeros" -- people who didn't receive…
"Dementocrat" (demented = Democrat) is an epithet to describe a Democrat. The term "Dementocrat" has been cited in print since at least 1997. Google Groups:…
The Consumer News and Business Channel was launched on April 17, 1989; in 1991, the name was shortened to "CNBC." The nickname "CNBS" has been used since at least 2007 by those…
"J. P. Morgue" is an unflattering nickname for the banking firm JPMorgan Chase & Co. The bank is partly named after financier John Pierpont Morgan (1837-1913). "J. P.…
John Nance "Cactus Jack" Garner (1868-1967) was vice president of he United States from 1933-1941, but he never thought much of the vice presidency. On June 19, 1934, Garner was quoted as…
Wall Street stock investor Peter Lynch wrote "Peter's Principle #4" in his book Beating the Street (1993): "You can't see the future through a rear view mirror." This…
"Ten bagger" (or "tenbagger") is a term coined by Wall Street stock investor Peter Lynch for a stock that's worth ten times its original price. In baseball, a…