way to a village in
Zimbabwe appeared
and announced to the
villagers that he would
buy monkeys for $20.00 each.
The villagers seeing
that there were many
monkeys around went
out to the forest and
started catching them. The man bought
thousands at $20.00,
and as supply started
to diminish, the
villagers reduced their
effort. He further announced
that he would now buy
at $30.00. 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 $40.00 each and the
supply of monkeys
became so little that it
took so much effort to
even see a monkey, let
alone catch it! The man now announced
that he would buy
monkeys at $100.00!
However, since he had
to go to Jo’burg on
some business, his assistant would now
buy on his behalf.
In the absence of the
man, the assistant told
the villagers, “Look at
all these monkeys in this big cage that the
man has collected. I
will sell them to you at
$80, and when the
man returns from the
city, you can sell them to him for $100.00
each.” The villagers
came together with all
their savings and
bought all the
monkeys. Then they never saw
the man or his
assistant, only
monkeys everywhere! Moral of the
story-You
have just
been given a
free lecture
on how the stock market
works!!!
| Posted: at | |
emma4love3
Vectorcy
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