aussiew Posted October 16, 2008 Share Posted October 16, 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 pay $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." Link to comment Share on other sites More sharing options...
SageAgainstTheMachine Posted October 16, 2008 Share Posted October 16, 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 pay $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." Funny you should mention this, I've got a monkey and I'm looking to sell. Any offers? Link to comment Share on other sites More sharing options...
Fan in San Diego Posted October 16, 2008 Share Posted October 16, 2008 Good story ! That's why I dont invest in the stock market. Way too easy to manipulate for greed. Link to comment Share on other sites More sharing options...
Beerball Posted October 16, 2008 Share Posted October 16, 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. I thought monkeys lived in da jungle? Link to comment Share on other sites More sharing options...
monkey3 Posted October 16, 2008 Share Posted October 16, 2008 no, fredonia Link to comment Share on other sites More sharing options...
The Poojer Posted October 16, 2008 Share Posted October 16, 2008 i spent 4+++ years at fredonia....i never saw any monkeys...course i stayed away from the quads no, fredonia Link to comment Share on other sites More sharing options...
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