dogs of the Dow
n.pl.— «WI was thinking of the Dogs of the Dow, those high-yielding blue chips that gained notoriety nearly a decade ago.…The Dogs of the Dow system was invented a quarter-century ago by a money manager named Michael O’Higgins, who discovered a simple formula that was consistently beating the market as a whole. It works like this: At the start of each year, invest equal amounts in the 10 stocks with the highest dividend yields among the 30 stocks of the Dow Jones industrial average. At the start of each subsequent year, sell those 10 and repeat the process.» —“Bush Let the Dogs Out” by James K. Glassman National Review Online Jan. 14, 2003. (source: Double-Tongued Dictionary)
Further reading
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In 1971, when a new public library opened in Troy, Michigan, famous authors and artists were invited to write letters to the city’s youngest readers, extolling the many benefits of libraries. One of the loveliest was from E.B. White, author of...