The popular book A Random Walk Down Wall Street (1999) stated: “These studies lend support to the old Wall Street maxim, ‘A pie doesn’t grow through its slicing.’” A pie (wealth) is actually diminished by slicing and dividing it. The origin of the saying is not known.
A similar saying (cited since the 1930s) is: “You cannot multiply wealth by dividing it.”
A Random Walk Down Wall Street,
including a life-cycle guide to personal investing
By Burton G. Malkiel
New York, NY: Norton
These studies lend support to the old Wall Street maxim, “A pie doesn’t grow through its slicing.”
Investment Analysis and Portfolio Management
By Prasanna Chandra
Pg. 23 (Proverbial Investment Wisdom):
A pie doesn’t grow through its slicing.
New York City • Banking/Finance/Insurance • (0) Comments • Friday, November 12, 2010 • Permalink