Who coined the phrase blue-chip in 1923?
Description: Oliver Gingold, who worked at Dow Jones, coined the phrase 'Blue Chip' in 1923. This term came into vogue after Gingold, while standing near the stock ticker at a brokerage firm, noticed that several stocks traded at $200 or more per share.
Where did the term blue-chip come from?
The term "blue chip" was first used in 1923 by Oliver Gingold, an employee of Dow Jones, to describe stocks that traded at $200 or more per share. 2 It relates to poker chips of blue, white, and red, with the blue chips having the greatest value. Today, blue chip stocks aren't necessarily stocks with a high price tag.
What does blue-chip mean slang?
(of a company) considered to be a safe investment for your money because it is well-established and has performed well in the past. Blue-chip also means of top quality: Even a profitable team like the Cowboys can't keep all their blue-chip players.
What is called blue-chip in capital market?
A blue chip is capital stock of a stock corporation (contrasted with non-stock one) with a national reputation for quality, reliability, and the ability to operate profitably in both good and bad times.
Is Apple a blue-chip or growth stock?
Apple, AB InBev, and Johnson & Johnson may be the blue-chip stocks you have been looking to buy and hold to add that extra stability to your portfolio. AAPL, BUD and JNJ are three blue-chip stocks to buy and hold as they emerge as a beacon of stability in the wake of recent financial turbulence.
Where does the phrase chip in come from?
Probably from the card game of poker. One is only “in” the game if they put in sufficient chips. So chipping in refers to having a stake in the activity proposed.
When was the word chip invented?
early 15c., "to break off in small pieces" (intransitive, of stone); from Old English forcippian "to pare away by cutting, cut off," verbal form of cipp "small piece of wood" (see chip (n. 1)). Transitive meaning "to cut up, cut or trim into small pieces, diminish by cutting away a little at a time" is from late 15c.
What is a synonym for blue-chip?
blue-chip excellent first-class first-rate the best top-flight top-hole top-notch.
When did blue chip stamps end?
Bowling centers were still giving out stamps too, but 13 years later in 2010, Blue Chip Stamps were no longer given out, but they could still be redeemed. If you go online today you'll find plenty of old Blue Chip Stamps for sale on eBay and Etsy as collectors' items.
Is Coca-Cola a blue-chip stock?
Blue chip stocks are the stocks of dependable, profitable companies that have stood the test of time. Investing in high-quality blue chip companies can be a way to strengthen your stock portfolio. Apple, Berkshire Hathaway, Coca-Cola, Johnson & Johnson, and American Express stand out as top blue chip stocks.
What is the opposite of a blue-chip stock?
A blue-chip stock tends to be trusted by investors, partly because it will have a large market capitalisation. They are the opposite of penny stocks, which tend to have a lower, less stable price and do not pay dividends as regularly.
What does blue-chip mean in NFL?
Blue chip players are those who have proven themselves to be among the best at their positions in their respective sports and are more sought after and wanted than other players. They are typically perceived as "can't miss" prospects who are desired by most organizations.
Is Walmart considered a blue-chip stock?
By investing in blue-chip stocks, investors can build a well-diversified portfolio. Here, we have identified three stocks from the Retail - Wholesale sector — Walmart Inc. WMT, The Home Depot, Inc. HD and Costco Wholesale Corporation COST.
What is chip in British slang?
British Slang. to jeer or criticize severely; deride; taunt.
Who invented the chip?
The potato chip was invented in Saratoga Lake, NY. Its inventor was George Speck—the son of an African American father and Native American mother. Later he professionally adopted the last name Crum. He was a gifted, although surly, cook working as the chef of the Moon Lake Lodge Resort in 1853.
Why do we say chip on your shoulder?
The origin of the phrase 'a chip on your shoulder' refers to a practice seen in America during the 19th century, in which boys spoiling for a fight would place an actual chip of wood on their shoulders before walking around belligerently daring others to knock the chip off.
Is a pretzel a chip?
A pretzel is not a chip. Chips are made usually of corn, potato, or soy, and are crispy by nature. Pretzels are made of dough. Hard pretzels are dough baked hard while soft pretzels are lightly baked and thicker rolls of dough.
Who invented potato fries?
While the origin of the French fry isn't quite clear, credit is often attributed either to France or Belgium. After being introduced to Europe by the Spanish, the potato gradually spread throughout the continent.
What was the first chip in America?
Frustrated, Crum sliced several potatoes extremely thin, fried them to a crisp, and seasoned them with extra salt. To his surprise, the customer loved them. They soon came to be called "Saratoga Chips", a name that persisted into the mid-twentieth century.
What's a fancy word for blue?
azure beryl cerulean cobalt indigo navy royal sapphire teal turquoise ultramarine.
What is a rare word for blue?
cerulean
Cerulean is best described as “deep blue; sky blue; azure.” In fact, it comes from the Latin caeruleus, meaning “dark blue.” The word has been in use in English since the mid-1600s, though the artist's cerulean blue emerged closer to the late 1800s.
What is slang for blue?
(informal) Risqué; obscene; profane; p*rnographic. His material is too blue for prime-time. The air was blue with oaths. a blue movie. (slang, dated) Drunk.
Why did Buffett buy Blue Chip Stamps?
The acquisition of the controlling interest in the company gave Munger and Buffett access to a significant amount of capital, which they could deploy into other growth opportunities. Blue Chip's assets were acquired at a discount, which only improved the deal's economics.
What were the yellow stamps called?
Gold Bond Stamps
As suggested by the name, these stamps were golden-yellow in color. The company was set up by Curtis L. Carlson in 1938. Gold Bond Stamps were given out to customers at grocery stores, gas stations, movie theatres, and other retailers.
Are old Blue Chip Stamps worth anything?
Redemption. The Blue Chip Stamp Company still exists (as of February, 2024) and is located in Pasadena, California. They can be redeemed at the value of $1.80 per full book with the company paying shipping to their offices.
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