Stock prices have been quoted in fractions for two centuries, based on a system descended from Spanish pieces of eight. Each dollar was cut into eight bits worth 12.5 cents each.
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More quotes from Charles A. Jaffe
It’s not your salary that makes you rich, it’s your spending habits.
Charles A. Jaffe
Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their neck out, but investors face risk no matter what they do.
Charles A. Jaffe
For a lot of people, the weekly paycheck is ‘take-home pay’ because home is the only place they can afford to go with it.
Charles A. Jaffe
Stock prices have been quoted in fractions for two centuries, based on a system descended from Spanish pieces of eight. Each dollar was cut into eight bits worth 12.5 cents each.
Charles A. Jaffe