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 November 04, 2008
“To err is human; to hedge divine” (Wall Street proverb)

"To err is human; to forgive, divine” is a famous quotation from the English poet Alexander Pope (1688-1744).

“To err is human; to hedge (is) divine” (or, “To speculate is human, to hedge is divine") appeared in the 1980s and 1990s. The phrase appears to be well known in the investment world, but little known outside of it.

Similar anti-proverbs include “To err is human; to forgive is against company policy” and “To err is human; to blame it on someone else shows management potential.”

Wikipedia: Alexander Pope
Alexander Pope (21 May 1688 – 30 May 1744) is generally regarded as the greatest English poet of the eighteenth century, best known for his satirical verse and for his translation of Homer. He is the third most frequently quoted writer in the English language, after Shakespeare and Tennyson. Pope was a master of the heroic couplet.
Literary legacy
The poetry of Alexander Pope holds an acknowledged place in the canon of English literature, although his work has gone in and out of fashion. One edition of the Oxford Dictionary of Quotations includes no fewer than 212 quotations from Pope.

Some quotations from Pope’s work have passed so deeply into the English language that they are often taken as proverbial by those who do not know their source: “A little learning is a dang’rous thing” (from the Essay on Criticism); “To err is human, to forgive, divine” (ibid.); “For fools rush in where angels fear to tread” (ibid.); “Hope springs eternal in the human breast” and “The proper study of mankind is man” (Essay on Man).

Investment Wisdom: One Liners
To err is human, to hedge divine.

“To speculate is human - to hedge divine!”

Bucharest Equity Research Group
To speculate is human, to hedge is divine.

Google Books
Finance: Environment and Decisions
By Peyton Foster Roden and George A. Christy
New York, NY: Harper & Row
Pg. 196:
To err is human. To hedge divine.

Google Groups: de.etc.finanz.boerse
Newsgroups: de.etc.finanz.boerse
From: (Stefan Hoffmeister)
Date: 1997/03/22
Subject: Re: Optionspreise berechnen

Ach ja - ich bin kein Spekulant: “To speculate is human, to hedge divine” (Spruch von LIFFE).

Google Groups: it.economia.borsa
Newsgroups: it.economia.borsa
From: “dott. Giangiacomo Castelfranchi”
Date: 1999/09/30
Subject: Ittierre

To speculate is human,
to hedge is divine.

Google Books
Kiat Membangun Aset Kekayaan
By Sapto Rahardjo
Published by Elex Media Komputind
Pg. 245:
Tip #12 To Err Is Human, To Hedge Is Divine

leverage trading
Monday, March 5, 2007
phylosophy of trading
12. To Err is human, to hedge is divine.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Tuesday, November 04, 2008 • Permalink