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#1 Thu Aug 29, 2013 11:01 am
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Member
Registered: Jul 2013
Posts: 264
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Though the story is old but it is reflecting in current market yet.................
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#2 Thu Aug 29, 2013 10:42 am
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Moderator
![]() Registered: Jun 2013
Posts: 574
Location: Kathmandu, Nepal
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Old story that has been reproduced many times in the past at this forum.
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#3 Wed Aug 28, 2013 10:11 pm
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Member
Registered: Aug 2013
Posts: 272
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Once upon a time a man told a small village, “I will buy monkeys for $10 each.”
Since there were many monkeys in the forest, the villagers caught them and sold them to the man. As the supply of monkeys diminished, the villagers’ efforts slowed, so the man offered them $20 each. They renewed their efforts but the supply of monkeys diminished further, so he increased his price to $25. Soon no one could even find a monkey in the forest. The man increased his price to $50, but announced, “Since I must go to the city on business, I authorize my assistant to buy monkeys on my behalf.” As soon as his boss was gone, the assistant told the villagers, “My boss has collected lots of monkeys. I’ll sell them to you for $35 and then, when he returns, you can sell them to him for $50.” The villagers rounded up all the money they could and bought as many monkeys as possible. Then they had monkeys everywhere… … but they never saw the man or his assistant again. And now you understand the workings of the stock market! Source: indianrealstateforum.com |
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