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Term for a security whose price seems too high in light of its price history.


Describing a person or entity with strong financial resources. There is no strict definition of how much one needs to have in order to be "wealthy," but, in general, it refers to one with more money or assets relative to others in a society. The wealthy drive economic growth. Some believe this ought to be encouraged, as it eventually makes the remainder of society wealthier; others, however, believe growth is strongest when the needs of multiple classes are balanced. A few others believe wealthy persons ought to have most of their resources confiscated and redistributed, but this is a minority opinion.


Of, relating to, or being a security price judged by some investors to be too high. For example, a new issue of stock may carry an offering price that many analysts consider rich. If too many investors and analysts believe the price is rich, the offering may be unsuccessful.
References in periodicals archive ?
Buddy Rich died of heart failure on April 2, 1987, after maybe one too many drum solos.
Barton comes across as a master teacher and a bit of a TV star (like Buddy Rich, he forgets the camera).
I put Buddy Rich photos on my walls; I listened non-stop to old swing; I tilted my snare drum down and got old Slingerland heads that looked like Gene Krupa's kit; I used traditional grip.
He has been a household name in the jazz world since the 1960s, when he emerged as the lead player with the big bands of Tommy Dorsey, Woody Herman and Buddy Rich, among others.
As a youngster, he remembers her taking him to Ronnie Scott's, where he recalls seeing Buddy Rich and Lionel Hampton.
A devoted jazz fan, he plays a mean saxophone and has jammed with the likes of music legends Buddy Rich and Benny Goodman.
"And we can look back on headliners which have included Miles Davis, BB King, Dizzy Gillespie, Count Basie orchestra, six performances by The Blues Brothers Band, Cab Calloway Cotton Club Orchestra and the Buddy Rich Orchestra, to name but a few."
BORN BUDDY Rich, US jazz drummer, 1917, above TRUMAN Capote, US author, 1924 MARTINA Hingis, Swiss tennis player, 1980 DIED EDITH Roosevelt, US first lady, 1948 TAYLOR Holmes, US silent film actor, 1959 WALDORF Astor, press magnate, 1952, above
Allen's eventual successor Johnny Carson presided for three decades over an old-school jazz big band, led by Doe Severinsen, with drum clinics staged by frequent guest Buddy Rich.
A guitarist with a flawless technique and imaginative chordal approach, Jack Wilkins has been astounding jazz fans since the early 1970s, playing at the highest level on the international scene and collaborating with many of the greats including Chet Baker, Sarah Vaughan, Bob Brookmeyer, Buddy Rich and many others.
It was an entertaining evening of music-making with the band playing a selection of classics and more unusual numbers by, among others, Duke Ellington, Count Basie, Buddy Rich and Dizzie Gillespie.
My first major show was at the Centrum with Tony Bennett, Sarah Vaughn and Buddy Rich."