A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

Recent entries:
“The best time to plant a tree is 20 years ago. The second best time is now” (6/24)
“The pirates were fighting with each other because they didn’t have good anchor management” (6/23)
“What happened to the musician who robbed the bank?"/"He made off with the lute.” (6/23)
“No tea, no shade” (6/23)
“Spill the tea” or “Spill the T” (tell the truth) (6/23)
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Entry from March 06, 2012
“Definition of obscene profits — something you always hear about but never experience yourself”

Mark Skousen’s book, The Maxims of Wall Street (2011), contains:

“Definition of obscene profits — something you always hear about but never experience yourself.”

That is, an “obscene profit” is what another person makes, but never what you make. The origin of this saying is unknown and the wording of “definition of obscene profits” has not been frequently used.


MSkousen.com
Maxims of Wall Street — New Book Now Available!
by Mark Skousen on June 27, 2011
THE MAXIMS OF WALL STREET
A Compilation of Financial Adages, Ancient Proverbs, and Worldly Wisdom
(...)
■Quotes from the profound to the profane: “Nobody is more bearish than a sold-out bull” and “In the land of the blind, the one-eyed is king”….“To err is human, but to be paid for it divine” and “Definition of obscene profits — something you always hear about but never experience yourself.”

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Tuesday, March 06, 2012 • Permalink