Home > Fun Parlour > The Monkey business resulting in current crises

The Monkey business resulting in current crises

September 16, 2010 Leave a comment Go to comments

Shared by: Pinky.

If you have difficulty understanding the current world financial situation, the
following should help…

Once upon a time in a village in India, 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 no 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.

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Categories: Fun Parlour
  1. Sachin
    September 16, 2010 at 4:48 pm

    Both men were lucky to disappear like a monkey otherwise the villagers would definately have made them look like real monkey….heheh >>>>>

  2. September 17, 2010 at 8:56 am

    @ Sachin – That was their intention, and its how Wall street works πŸ™‚

  3. September 17, 2010 at 9:12 am

    I agree, even the Indian Stock Market works in a similar manner – looking for a bigger fool whom you can dump your stocks at abnormally high levels. Moral of the story – don’t be greedy.

  4. September 17, 2010 at 9:19 am

    @ Shammi – Exactly, greed always put someone in trouble πŸ™‚

  5. dhriti
    September 17, 2010 at 11:41 am

    hehe lol nice one πŸ˜€

  6. pinky
    September 17, 2010 at 4:30 pm

    thnx rajiv

  7. September 17, 2010 at 4:52 pm

    @ Dhriti – Thanks for coming πŸ™‚
    @ Pinky – Welcome, thank you for sharing πŸ™‚

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