Monday, October 13, 2008

The Fable of the Monkeys

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 thousands at $10 and as supply
started to diminish, the villagers
stopped their effort.

He then 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 little that it was an effort to even
see a monkey, let alone catch one!

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 buy on his
behalf.

In his absence, the assistant told the
villagers, 'Look at all the 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 to him for $50 each.'

The villagers rounded up with all their savings
and bought all the monkeys.

Then they never saw the man nor his assistant
ever again; only monkeys
everywhere!

You now have a better understanding of how the
Stock Market works.

4 comments:

Tecumseh said...

Good fable, AA. Is this from Aesop?

Arelcao Akleos said...

I don't think so. It was sent to me by a friend down in Miami. That place is full of snake-oil salesmen, so I expect such fables are more appreciated.
AI, this next Saturday afternoon you up for a couple of brews down Boston/Cambridge way?

Tecumseh said...

OK, deal. Let's confirm by email in a couple of days, and narrow things down. Beware: I still don't get the notion of "square". JJ can explain this to you.

Pepe le Pew said...

This is a great story - the version I had heard was of the first rip off of the jeweler Chaumet where the con artist bought a huge pearl and came back later wanting to find the matching one at any price to make earrings for his wife.