Wall Street Monkeys

Wall Street Monkeys

Once upon a time in a village in Indian , a man announced to the
villagers that he would buy monkeys for $10.

The villagers seeing there were many monkeys around, went out to the
forest and started catching them.

The man bought thousands at $10, but, as the supply started to
diminish, the villagers stopped their efforts. The man further
announced that he would now buy at $20. This renewed the efforts of
the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going
back to their farms. The offer rate increased to $25 and the supply
of monkeys became so little that it was an effort to even see a
monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However,
since he had to go to the city on some business, his assistant would
now act as buyer, on his behalf.

In the absence of the man, the assistant told the villagers: ‘Look
at all these monkeys in the big cage that the man has collected. I
will sell them to you at $35 and when he returns from the city, you
can sell them back to him for $50.’

The villagers squeezed together their savings and bought all the
monkeys. Then they never saw the man or his assistant again, only
monkeys everywhere!

Welcome to WALL STREET…!!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: