Just wanted to lighten up the forum with a story, I figured this would make us feel even better about this profession choice.
One fine day a wise man makes a sudden appearance at a village with an offer to buy monkeys for 10 bucks apiece. Since there are many monkeys around, the villagers start catching them from the nearby forest.
The wise man buys the monkeys in thousands at 10 bucks each as promised. Since the monkeys have dwindled considerably by now, the villagers stop catching them. The wise man doubles his offer and pretty soon the villagers are chasing after the remaining monkeys. Soon monkeys are so rare that the villagers go back to their farms.
The wise man buys the next batch of monkeys in hundreds for the 20 bucks as promised and makes a new offer of 25 bucks per monkey but free monkeys have become almost extinct in these parts by now. Still he manages to buy a dozen or so monkeys at 25.
Now the wise man raises his offer to 50 ! The villagers try really hard but monkeys are nowhere to be found. Since he has to travel to the city to attend to an urgent business matter, the wise man authorizes a deputy to buy the monkeys on his behalf.
In his absence, the deputy shows the villagers the huge cages holding all the monkeys that have been caught and bought till date.
“Dear villagers, these are the monkeys that my boss has collected. I will give them to you at 35 apiece. By the time my boss returns, each monkey would be at least worth 70 bucks a piece; you can sell them back to my boss at a profit and double your money !”
The villagers cough up all their hard earned money down to the last penny and buy back all the monkeys at 35.
Then the deputy vanishes without a trace; the wise man is never heard of again in those parts. The villagers are poorer than ever but the nearby forests are rich with monkeys again !
After many years…
Another wise man makes a sudden appearance at this with
an offer to buy monkeys for 10 bucks apeice. The impoverished villagers having forgotten the bitter past by now, rush into the nearby forest to catch monkeys…
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haha! loved it.
did you write this?
This is good, but older than life.
So the village is the US Government and the wise man is Lloyd Blankfein, right?
No, I did not write this story and yes it is older than life. My grandfather used to tell me this story as a kid.
Yes, the banks being the wise man and the villagers..... Well yeah the rest of the world.
Excellent!
That is one worth telling and retelling. Great post.
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