The tradition of pricing stocks in fractions with 16 as the denominator takes its roots from the fact that Spanish traders some 400 years ago quoted prices in fractions of Spanish Gold Doubloons. A Doubloon could be cut into 2, 4, or even 16 pieces. Presumably, it was too difficult to split those 1/16 wedges
Category: Investor Trivia
One-Letter Ticker Symbols on NYSE
Some of the largest companies listed on the New York Stock Exchange have single letter ticker symbols, and some relatively unknowns do also. Not all of the one-letter symbols are obvious, nor does a one-letter symbol mean the stock is a blue chip, a US corporation, or even well known. Originally when the symbol had
Get Rich Quick Jokes
Here are a few investor jokes about getting rich quick Legal methods: Marry someone who is already rich. Have a rich person die and will you their money. Strike oil. Discover gold. Win the lottery. Illegal methods: Rob a bank. Blackmail someone who is rich. Kidnap someone who is rich and get a big ransom.
Presidents’ Portraits on US Bills & Currency
What US Presidents Who Appear On American Money? Just in case you were curious, here is a list of the presidential portraits and other decoration on U.S. currency and Treasury instruments. List of Presidents on US Currency U.S. Currency Denomination Portrait Embellishment on back $1 George Washington Great Seal of U.S. $2 Thomas Jefferson Signers
Bull and Bear Lore
This information is paraphrased from The Wall Street Journal Guide to Understanding Money and Markets by Wurman, Siegel, and Morris, 1990. One common myth is that the terms “bull market” and “bear market” are derived from the way those animals attack a foe, because bears attack by swiping their paws downward and bulls toss their horns upward.