You can't buy _____

No, really, you probably can. Try me.

But you can't buy a beautiful sunset.

Abercrombie & Kent, South Africa, Beautiful Sunset: $8,995:

But you can't buy love.

Too easy.

While Lloyd's of London would tell you that you can, in fact, put a price on almost anything, I would agree that the best things in life are free (or less than free). Take, for example, Tencent (TCEHY). Tencent is not an off-brand Chinese knockoff of American rapper 50 Cent. Instead, it is one of the leading internet companies in China with the largest online community in the country. Like much of the Chinese market, Tencent's equity has been performing quite well.

In fact, the technical term for the Chinese market is

蝙蝠屎疯狂/bat s*** crazy.

A publicly-traded South African listed company, Naspers (NPSNY), owns 34% of this high flyer. You can short seven and a half shares of Tencent Holdings Ltd (HKG:0700) for each Naspers Limited (JSE:NPN) you own and get the rest of Naspers' assets for free. They include pay television and internet businesses in emerging markets.

There are a number of such opportunities to short Chinese internet stocks in order to isolate the value of cheap, free, or less than free parent stubs. Others include long YHOO/short BABA and long SINA/short WB. Alternatively, if you want a safer way to participate in the Chinese equity price boom, you can hedge these somewhat lightly and get a bit of Chinese exposure with a partially mitigated risk of permanent capital impairment. Finally, if you own Tencent, BABA, or WB today, I would consider swapping those exposures out for Naspers, YHOO, or SINA respectively.