Nancy from Berthold, North Dakota, used the expression two bits to mean “25 cents.” Her adult daughter had heard neither that expression nor the saying Shave and a haircut, two bits or the cheer Two bits, four bits, six bits, a dollar. The story...
When investing or trading stocks, the last thing you want is to take a bath — or, for that matter, a haircut. The first of these refers to getting cleaned out of money. The second is an allusion to being left with as little as two bits, or 25 cents...