Stock Market
Once upon a time in a village, a man announced
to the villagers that he would buy monkeys for
Rs 10. The villagers, seeing that there were
many monkeys around, went out to the forest
and started catching them..
The man bought thousands at Rs 10 and as
supply started to diminish, the villagers stopped
their effort.
He further announced that he would now buy at
Rs20. 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 Rs 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 Rs 50! However, since he had to go
to the city on some business, his assistant
would now buy on behalf of 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 Rs 35 and when the man returns
from the city, you can sell it to him for Rs 50."
The villagers squeezed up with all their savings
and bought all the monkeys.
Then they never saw the man nor his assistant,
only monkeys everywhere!
Welcome to the'Stock Market':p :D
Once upon a time in a village, a man announced
to the villagers that he would buy monkeys for
Rs 10. The villagers, seeing that there were
many monkeys around, went out to the forest
and started catching them..
The man bought thousands at Rs 10 and as
supply started to diminish, the villagers stopped
their effort.
He further announced that he would now buy at
Rs20. 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 Rs 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 Rs 50! However, since he had to go
to the city on some business, his assistant
would now buy on behalf of 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 Rs 35 and when the man returns
from the city, you can sell it to him for Rs 50."
The villagers squeezed up with all their savings
and bought all the monkeys.
Then they never saw the man nor his assistant,
only monkeys everywhere!
Welcome to the'Stock Market':p :D
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