Once upon a time................

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Once upon a time................

Postby avalen » Sun Oct 12, 2008 4:26 pm

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 hundreds at $10 and as
supply started to diminish, the villagers stopped their efforts.

At this point the man announced that he would now buy at $20 each. 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 limited 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 each! However,
since he had to go to the city on some business, his assistant would now buy on
his behalf for 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 each and when the man returns from the city, you can sell
them to him for $50 each.'

The villagers rounded up with 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.
Somewhere with Ava and Maggie
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Re: Once upon a time................

Postby retiredhappy » Sun Oct 12, 2008 5:01 pm

I have NEVER heard the stock market explained so well or accurately. :lol: :lol: But, as I keep reminding my friend, she hasn't lost any money unless she sells while its down. She can afford to sit it out and it will, eventually, go back up.
Karen West
Baxter, Sophie, & Bailey


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Re: Once upon a time................

Postby Getupngo » Sun Oct 12, 2008 9:44 pm

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What a great laugh-out-loud story. And so sadly true. Thanks!
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Navigator: Annie the miniature poodle
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Re: Once upon a time................

Postby Bethers » Tue Oct 14, 2008 10:28 am

Oh my gosh - that is a great analogy - not sure though if I feel sorry for the town folks or the monkeys - obviously "the man" never loses :)
Beth
“Dare to live the life you have dreamed for yourself. Go forward and make your dreams come true.” ~ Ralph Waldo Emerson ~
"He who treasures the small things in life has found the path to true happiness"
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