“It will fluctuate” (J. Pierpont Morgan?)
A widely cited incident involves when J. P. Morgan (1837-1913) was asked by someone what the market would do that day. "It will fluctuate, young man. It will fluctuate," Morgan reportedly…
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“The crowd is always wrong” or “The public is always wrong” (Wall Street proverb)
"The crowd is always wrong" or "The public is always wrong" is a Wall Street proverb that dates to at least 1915, where it is cited in the writings of Bertie Charles Forbes…
“Be fearful when others are greedy, and be greedy when others are fearful” (Warren Buffett)
The legendary investor Warren Buffett -- according to many websites -- gave his secret to becoming rich in a closed-door lecture at Columbia University when he was only 21 years old (that would be…
Smallbany or Smalbany or SmAlbany (Albany nickname)
New York City is the most populous city in New York State, but Albany is the capital city. Some New Yorkers (including some from Albany) have called the capital city "Smallbany" or…
Albany: Smallbany or Smalbany or SmAlbany (nickname)
New York City is the most populous city in New York State, but Albany is the capital city. Some New Yorkers (including some from Albany) have called the capital city "Smallbany" or…
“I’m from the government and I’m here to help you”
"I'm from the government and I'm here to help you" (or "We're from the government and we're here to help you") is a line from the mid-1970s, usually grouped…
“A stock is worth what someone is willing to pay for it” (Wall Street adage)
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…
“A rising tide lifts all boats” (Wall Street proverb)
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?”
"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…
“Nobody rings a bell at the top or the bottom of a market” (Wall Street proverb)
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 (egg dish, similar to huevos rancheros)
"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 (Mexican chile-seasoned pork dish)
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,…
“Invest in what you know best” (Wall Street adage)
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:…
“Don’t get married to a stock” (Wall Street adage)
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, sell high” (Wall Street proverb)
"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” (Wall Street proverb)
"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” (Wall Street adage)
"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” (Wall Street phrase)
"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 the dips, sell the rips” (Wall Street adage)
"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…
“Economic Pearl Harbor” (Wall Street crisis phrase)
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…