Once upon a time in a village, a man appeared
and announced to the villagers that he would buy
monkeys for $10. 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 supplystarted to diminish, the villagers stopped their effort. He
further announced that he would now buy at $20.
This renewed the efforts o...f 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 $100!
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 $75 and when the man returns
from the city, you can sell it to him for$100 ."
The villagers squeezed up with all their savings and bought all the monkeys. Then they never
saw the man nor his assistant, only monkeys
everywhere!! !
Welcome to the "Stock" Market!!
and announced to the villagers that he would buy
monkeys for $10. 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 supplystarted to diminish, the villagers stopped their effort. He
further announced that he would now buy at $20.
This renewed the efforts o...f 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 $100!
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 $75 and when the man returns
from the city, you can sell it to him for$100 ."
The villagers squeezed up with all their savings and bought all the monkeys. Then they never
saw the man nor his assistant, only monkeys
everywhere!! !
Welcome to the "Stock" Market!!
Comments
Post a Comment