Thursday, October 9, 2008

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 at $20 for a monkey.
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 increased to $25 each, and
the supply of monkeys became so small that it was an effort to even find
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 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 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 all their savings and bought all the monkeys.
They never saw the man nor his assistant again, only monkeys everywhere!
Now you have a better understanding of how the stock market works."


Dunno who wrote that but it's brilliant :)

Made me realise just how stupid the human race can be....

No comments: