Do you really think that the Google (GOOG) shares of stock at 489 or the shares of stock of the Chicago Mercantile Exchange (CME) at 284 are really that high priced? There are actually several stocks that trade above a thousand dollars per share. However, if you are considering including some of the high prices shares in your portfolio, you will probably want those that trade on a regular basis, excluding such stocks as Indians Inc....

Law #1: All bubbles need a catalyst, like a stone to throw into a still pond. Bubbles start in “good times”, typically GDP is going up and people have money to spend and invest, so money starts chasing assets and if it takes time for the supply of those assets to increase, prices go up. For example, the fundamental price of housing long-term is exactly equal to nominal GDP per house divided by a function of long-term interest...

Italian-born French first lady Carla Bruni-Sarkozy has cut ties with her homeland by selling her family home for almost £8 million. It follows bitter comments she made in October saying she was no longer happy to be an Italian citizen. Yesterday was confirmed that the Castello di Castagneto Po, near Turin, had gone to an Arab sheik, following a London auction of its antiques and other fittings which raised another £10 million. Carla’s...

Zero is a perfidious number. Nobody likes it. Nobody wants to be “a zero.” Nobody wants to get a zero on a test…or zero returns on his investments. It is a line that leads nowhere…with no substance in the middle of it. You can add a zero…or multiply by zeros; it gets you nowhere. And is a zero? Is it something? Or nothing? No one knows. Some remarkable news in the history of zeros appeared this week. Mr. Gideon Gono,...

Misquotation is, in fact, the pride and privilege of the learned. A widely- read man never quotes accurately, for the rather obvious reason that he has read too widely.