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What is a stock worth? An old Wall Street adage has it that a stock is worth what someone is willing to pay for it. The pricing phrase dates to at least the 1800s. 17 December 1882, Grand Forks…
In a 1963 speech pledging the continued defense of Europe, President John F. Kennedy stated: "As they say on my own Cape Cod, 'A rising tide lifts all the boats.'" Since at…
"If you're so smart, why aren't you rich?" (or, "If you're so smart, why ain't you rich?") is a phrase sometimes heard in New York City, the nation's…
The New York Stock Exchange opens to the sound of a bell and then closes to the sound of a bell. It's often pointed out that no one rings a bell to announce the top or the bottom of a market,…
"Blisters on My Sisters" is an egg dish served at Shopsin's (located in Essex Market, but formerly on Carmine Street). Kenny Shopsin named the dish after a lyric in a song by Frank…
Chilorio is a pork dish (often used as a filling for tacos or burritos) from the Mexican state of Sinaloa. The pork is fried in chile sauce until tender and usually flavored with onions, cumin,…
Investment adviser and author Peter Lynch is credited with the 1990s Wall Street adage "Invest in what you know." The phrase issometimes made to rhyme at the beginning and at the end:…
Some investors stay loyal to a stock long after the stock's performance has slipped. A common bit of investment advice (cited in print from at least the 1950s) is to "never fall in love…
"Buy low and sell high" is a sure way to make money. The exact origin of the saying is unknown, but the concept is simple enough. The "buy low" (or, "buy at a low…
"Buy on the rumor, sell on the news" is a Wall Street proverb that dates at least to the 1950s. A slight variation -- "Buy on the rumor, sell on the fact" -- is cited in print…
"When in doubt, get out" or "When in doubt, stay out" (also "If in doubt, get out" or "If in doubt, stay out") is an old stock market saying that dates at…
"The market is always here" is a Wall Street phrase that dates back to at least 1891; it was possibly coined by financier Russell Sage (1816-1906). The phrase means that, in good times or…
"Buy low, sell high" is an old Wall Street maxim on how to make money. This often means to "buy on the dips" (or "buy on dips" or "buy the dips," meaning to…
Investor Warren Buffett called the financial crisis of 2008 an "economic Pearl Harbor" on CNBC's Squawk Box on September 24, 2008, and again on PBS's Charlie Rose Show on…
The state of Mississippi is often ranked last among all states in educational and in poverty scores. Texas, Arkansas, Louisiana and other states breathe a sigh of relief for not being last,…
Entry in progress -- B.P. Wikipedia: Jay GouldJason "Jay" Gould (May 27, 1836 – December 2, 1892) was an American financier who became a leading American railroad developer and…
Entry in progress -- B.P. The Free Dictionarydon't fight the tapeA market axiom that asserts an investor shouldn't buy stocks during a major decline or sell stocks during a strong market…
Wall Street used to receive stock quotations from ticker tape, roughly from 1867-1960s. The expression "The tape tells the story" is cited in print from at least 1896. The once-popular…
Entry in progress -- B.P. Google BooksThe Wheeler Dealers By Adam SmithNew York, NY: Bantam Books1969, ©1959Pg. 176:Son, when the market is goin' up everybody looks smart. Never confuse…
Entry in progress -- B.P. Wikipedia: A rolling stone gathers no mossA rolling stone gathers no moss is a proverb. HistoryIt is often credited to the Sententiae of Publilius Syrus, and roughly…