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Term for a security whose price seems too high in light of its price history.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
<B A slump in China has contributed to a fall in the total wealth of the world's richest people
The fourth richest man is Vasanthakumar H., the Congress candidate from Kanyakumari in Tamil Nadu, with assets worth Rs4,174,930,444, of which Rs2,304,930,444 are movable.
Nearly half of all the financial wealth in Britain is in the hands of the richest 5%
With such low property values, and where the richest are so poor, Pakistan will rank worse than the sub-Saharan countries on the economic index.
"This gap has been caused by soaring incomes for the richest alongside plunging incomes for the poorest.
Amazon founder Jeff Bezos is the world's richest man with assets valued at $112 billion, overtaking Microsoft co-founder Bill Gates whose fortunes are valued at $90 billion and investor Warren Buffet with $84 billion.
This year, online retail giant Amazon CEO Jeff Bezos overtook Microsoft's Bill Gates to become the richest person in the world.
According to Forbes Report for the year 2018, Pallewatte Gamaralalage Maithripala Yapa Sirisena the 7th and current President of Sri Lanka - since 2015 to date - is the third richest politician in the country with US Dollar 14 million.
Robert Kuok, the richest Malaysian and second-richest South-east Asian, started building his business empire since the 1950s, before Merdeka and long before the launch of Malaysia's New Economic Policy.
According to an article published on Bloomerg's website on Monday, tiled 'What If the World's Richest Paid for Government Spending?', Cyprus would receive enough to last for more than a year.
The news agency took 49 countries with various political regimes and expenditure types and the richest individuals of each of these nations.
Chief Executive Officer Jeff Bezos, the world's richest person, wasn't immune to the carnage.