Chairsatan (Chairman of the Federal Reserve nickname)
The Chairman of the Board of Governors of the Federal Reserve System has been called the "Fed Chairman" and "Fed Chief." The blog Zero Hedge on February 3, 2011 used…
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“Champagne taste on a beer budget”
Champagne has represented luxury and beer has represented a common, more-affordable drink. The term "champagne taste on a beer budget" means luxury on limited wealth. "Champagne…
“One more drink and I’d have been under the host!”
Dorothy Parker (1893-1967) was known for her wit and often lunched at the Algonquin Hotel (59 West 44th Street in Manhattan), forming a "Round Table" of gossip and ideas with other…
“A waist is a terrible thing to mind”
"A waist is a terrible thing to mind" is a dieter's motto, taken from the United Negro College Fund's motto of "A mind is a terrible thing to waste" (in trademarked…
“Life is too short to stuff a mushroom”
Stuffed mushrooms is a popular hors d'oeuvre, but the dish can be somewhat time-consuming to make. "Life is too short to stuff a mushroom" was written by British novelist and…
“Sauerkraut and bacon drive all care away”
"Sourkrout and bacon will drive all cares away" is one of the proverbs in the book Proverbs of the Pennsylvania Germans (1929) by Edwin Miller Fogel. While the saying has been used by…
“A Frenchman drinks his native wine, a German drinks his beer…” (toast)
A popular drinking poem appeared in Prosit: A Book of Toasts (1904): "A Frenchman drinks his native wine,A German drinks his beer;An Englishman his 'alf and 'alf,Because it brings…
Onion Ring Tower (Towering Onion Rings)
An "onion ring tower" is a tall stack of onion rings, usually served separately on its own dish (often with a rod in the middle of the rings). The term "tower of onion rings"…
“I eat my peas with honey; I’ve done it all my life…” (poem)
A frequently reprinted poem (attributed to "Anonymous") about food is: "I eat my peas with honey; I've done it all my life. It makes the peas taste funny, But it keeps them on…
“In a financial crisis, all correlations go to one”
Entry in progress -- B.P. Google BooksHandbook of Heavy Tailed Distributions in FinanceBy Svetlozar T. Rachev Amsterdam: Elsevier2003Pg. 70:Tail dependenceThere is a saying in finance that in times…
Greater Fool Theory
The "Greater Fool Theory" applies to a mania, such as for internet stocks (in the 1990s) or for real estate (in the 1970s). The investing fundamentals of holding that asset might be poor,…
The Great Place (Fort Hood nickname)
The military base of Fort Hood, outside of Killeen, has been called "The Great Place" since at least 1987, when a book was published titled Fort Hood, Texas: the great place. A local sign…
“If you torture the data long enough, it will confess”
"If you torture the data long enough, it will confess" has come to mean that if you manipulate the data long enough, you'll finish the the result you want. Some people has asserted…
“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…
“Trading opportunities are like buses; if you miss one, another will come along soon”
"Trading opportunites are like buses/streetcars/trains; if you miss one, another will come along soon" means that nothing is so special that there's not another financial opportunity…
“You’re only as good as your last trade” (Wall Street adage)
"You're only as good as your last trade" is an old adage for traders on Wall Street, cited in print since at least 1987. It's another version of the saying, "What have you…
“Insurance is sold, not bought”
"Insurance is sold, not bought" is a popular axiom of the insurance business (especially for life insurance), cited in print since at least 1916. Insurance can be complicated and, unless…
“Local advertising is sold, not bought”
"Local advertising is sold, not bought" is a popular axiom of advertising. Many local businesses don't have large advertising budgets -- if any at all. A newspaper or a website, for…
“You never want a serious crisis to go to waste”
"You never want a serious crisis to go to waste," said Rahm Emanuel, the incoming White House Chief of Staff, in an interview with the Wall Street Journal on November 19, 2008. The…
“The cure for high prices is high prices” (“The cure for low prices is low prices”)
"The cure/remedy/solution for high prices is high(er) prices" is a popular commodities axiom. With high prices or higher prices, supply is increased and demand is decreased, thus lowering…