The Monkey Story
In this troubled time, this is one of the few stories that actually make sense.
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again.Thanks to bluez for showing me the light.
Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it! The man now announced that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers. “Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.” The villagers rounded up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant again, only lots and lots of monkeys! Now you have a better understanding of how the stock market works.
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7 comments:
Ha, this seems to be a popular story circulating through emails these days! I got it from some friends too. Yah, it's like a what-the-financial-crisis-is-about-today brief guide. :)
WK
Hmm, yeah, it makes sense.
And wah, I actually saw food pictures here! Hehe... made me drool. ;)
OUCH! That is totally ouch for the villagers.
I wish I could understand the complexities of the stock market.
Here's another one - and again it's not accurate by any stretch of the imagination... still lulz material all the same =)
How the economy really worked.
Young Chuck moved to Texas and bought a Donkey from a farmer for $100. The farmer agreed to deliver the Donkey the next day. The next day he drove up and said, 'Sorry son, but I have some bad news, the donkey died.'
Chuck replied, 'Well, then just give me my money back.'
The farmer said, 'Can't do that. I went and spent it already.'
Chuck said, 'Ok, then, just bring me the dead donkey.'
The farmer asked, 'What ya gonna do with him?'
Chuck said, 'I'm going to raffle him off.'
The farmer said, 'You can't raffle off a dead donkey!'
Chuck said, 'Sure I can Watch me. I just won't tell anybody he's dead.'
A month later, the farmer met up with Chuck and asked, 'What happened with that dead donkey?'
Chuck said, 'I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998.'
The farmer said, 'Didn't anyone complain?'
Chuck said, 'Just the guy who won. So I gave him his two dollars back.'
Chuck now works for Goldman Sachs.
Hahaha, sure made me laugh. XD
hah..rotation of money..lol=)
WK: Haha ya right after I posted it I saw this story like more than three times in other places too!
Day-dreamer: Haha where got food pictures? You are talking about the previous post I assume? :)
Jasmine: I suppose that's a pretty succinct summary of economics on the whole. Cunning businessmen cheat our money. Business collapse. Businessmen remain rich; we go down the ditch.
Bluez: Goldman Sach eh? I thought opening a new firm would sound more appropriate for this guy.
Victor & Joethew: :D
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