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.

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Entry from April 02, 2019
“Good things happen to cheap stocks” (Wall Street adage)

"Good things happen to cheap stocks” is a Wall Street expression, meaning that with something priced so cheaply, the only way it can go is up. “Good things happen to cheap stocks and bad things happen to expensive ones” was printed in the book Last Chance Financial Planning Guide: It’s Not Too Late to Plan for Your Retirement If You Start Now (1997) by Anthony Spare and Paul Ciotti. It’s not known who authored the expression.

“My dad taught me that good things happen to cheap stocks; there are some cheap, quality stocks out there” was posted on Twitter by Raymond James on August 6, 2010. “One my favorite most respected fund managers says it best, ‘Good things happen to cheap stocks’ Steve Romick. Ill add, sprinkle in patience” was posted on Twitter by John R. Oliver on December 4, 2013. “The old saying is that good things happen to cheap stocks. The inverse also is true” was printed in Barron’s on April 2, 2019.


Google Books
Last Chance Financial Planning Guide:
It’s Not Too Late to Plan for Your Retirement If You Start Now

By Anthony Spare and Paul Ciotti
Rocklin, CA: Prima Publishing
1997
Pg. 60:
Good things happen to cheap stocks and bad things happen to expensive ones.

Twitter
Raymond James
@RaymondJames
“My dad taught me that good things happen to cheap stocks; there are some cheap, quality stocks out there.” Watch Saut: http://bit.ly/a5SuM4
5:27 PM - 6 Aug 2010

Google Books
The Handbook of Professionally Managed Assets:
A Definitive Guide to Profiting from Pooled Investments

By Keith Fevurly
New York, NY: Apress (apress.com)
2013
Pg. 85:
Further, a value investing strategy implements the adoption of a buy-and-hold mentality, as encapsulated in the belief that “good things happen to cheap stocks.”

Twitter
Drucie Stanwood
@stanwoodupfs
For banks, bigger isn’t better - opinion: Conventional Wall Street wisdom says that good things happen to cheap stocks.
6:28 AM - 14 Mar 2013

Twitter
John R. Oliver
@agilejro
One my favorite most respected fund managers says it best, “Good things happen to cheap stocks” Steve Romick. Ill add, sprinkle in patience.
2:20 PM - 4 Dec 2013

Daily Reckoning
James Grant on Bubbles, Bargains and Everything in Between
The Daily Reckoning Presents… Steve Forbe’s Intelligent Investing with Jim Grant, editor of Grant’s Interest Rate Observer
BY STEVE FORBES
AUGUST 25, 2014
(...)
Grant: When I hear Jay Carney saying something, I’m constitutionally not able to be bearish. I must be bullish. Three proverbs might work in this. One is, good things happen to cheap stocks. Two is, this too will pass. And three is an epigram I credit to my friend, Joe Robillard, who says, “Successful investing is about having everyone agree with you later.” Isn’t that wonderful?

Twitter
Russ Urban
@russurban
@RaymondJames Jeffrey Saut “Good things happen to cheap stocks.” on CNBC. Agreed!
8:51 AM - 20 Mar 2019

Barron’s
Pimco Superpremium Funds Plunge on Dividend Cuts
By Randall W. Forsyth
April 2, 2019 1:16 p.m. ET
(...)
The old saying is that good things happen to cheap stocks. The inverse also is true.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Tuesday, April 02, 2019 • Permalink