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12-03-2008, 04:40 PM
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#1 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
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| how the market works
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 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 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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12-03-2008, 05:19 PM
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#2 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003 Location: Vancouver
Posts: 6,803
Thanked 91 Times in 38 Posts
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Are you trying to say Indians are stupid? Because that's just racist, and racism isn't tolerated on Revscene.
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12-03-2008, 07:25 PM
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#3 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,563
Thanked 7,733 Times in 3,636 Posts
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| Quote:
Originally Posted by misteranswer  Are you trying to say Indians are stupid? Because that's just racist, and racism isn't tolerated on Revscene. |
Indians are smart. An Indian bought monkeys for $10, $20, $25 and sold them back for $35.
Relax it's just a story you could replace Indian with Chinese, African, or European.
__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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01-16-2009, 11:20 PM
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#4 | | My dinner reheated before my turbo spooled
Join Date: Nov 2006 Location: Vancouver
Posts: 1,720
Thanked 2,116 Times in 382 Posts
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haha
i see
$$$$$ is good
__________________ Quote:
If we are not able to ask skeptical questions, to interrogate those who tell us that something is true; to be skeptical of those in authority, then we're up for grabs..
-Carl Sagan
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01-16-2009, 11:37 PM
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#5 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,138
Thanked 2,069 Times in 867 Posts
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| Quote:
Originally Posted by Manic! Indians are smart. An Indian bought monkeys for $10, $20, $25 and sold them back for $35.
Relax it's just a story you could replace Indian with Chinese, African, or European. |
i think you got it wrong. indians are dumb - or indian villagers are dumb[in this context].
they sold monkey foor $10 , and they bought back the same money for $35 - thereby losing $25 ...
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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