IKN

thus with a kiss I die

OT: Of monkeys and markets

A little light relief, as mailed into this humble corner of cyberspace by reader ‘JG’:


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A few years ago Larry approached his Guadalajara neighbours and announced that he would buy monkeys for $10 each.
The
neighbours, seeing that there were many monkeys around, went out to the
forest and started catching them. Larry bought thousands at $10 and, as
supply started to diminish, the neighbours stopped their effort.
He
next announced that he would now buy monkeys at $20 each. This renewed
the efforts of his neighbours 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 scarce
it was an effort to even find a monkey, let alone catch it! Larry now
announced that he would buy monkeys at $50 each! However, since he had
to go into town on some business, Darren, his son, would buy on his
behalf.
In
the absence of Larry, Darren told the neighbours: “Look at all these
monkeys in the big cage that my dad has already collected. I will sell
them to you at $35 and when Dad 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 Larry or Darren again, only lots and lots of monkeys!
Now you have a better understanding of how the stock market works.
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True.

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