fazal
unread,Jun 6, 2010, 10:02:26 AM6/6/10Sign in to reply to author
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to Jamia Bizz
Once upon a time in a village, a man appeared
and announced to the villagers that he would
buy monkeys for Rs10.
The villagers seeing that there were many
monkeys around, went out to the forest and
started catching them. The man bought
thousands at Rs10 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 Rs25 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 Rs35 and
when the man returns from the city, you can
sell it to him for Rs50."
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!!!!