Investment: Bread from Circuses

Who does not feel nostalgic about the Big Top? Ernest Hemingway once wrote that the circus "is the only spectacle I know that gives the quality of a truly happy dream." Now, for $16.50, anybody can own a piece of that dream. The Ringling Bros.-Barnum & Bailey Circus is going public. An offering of 346,000 shares in "The Greatest Show on Earth" allows a circus lover or an investor to become part owner of such properties as a ten-year-old gorilla and a herd of elephants.

The ringmaster in this deal is Houston's ex-mayor, flamboyant Roy...

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