Home » Dictionary » dogs of the Dow

dogs of the Dow

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)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Why Money is Sometimes “Cool”

While reading Great Expectations (Bookshop|Amazon) by Charles Dickens, a listener in Arlington, Texas, is surprised when one of the characters inherits some money, which Dickens describes as a cool four thousand. Were they really using cool that way...

Kiss the Cow (episode #1567)

An anadrome is a word that forms a whole new word when you spell it backwards. For example, the word “stressed” spelled backwards is “desserts.” Some people’s first names are anadromes. There’s the girl named Noel...