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Interesting reading. Received it from a friend. It explains how Wall Street works in a simple story.

本文发表在 rolia.net 枫下论坛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 further announced that he would now buy at $20 for a monkey.

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 small that it was an effort to even
find

a monkey, let alone catch it!

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 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 $35, and when the man 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 the man nor his assistant again, only monkeys
everywhere!



Now you have a better understanding of how Wall Street works.更多精彩文章及讨论,请光临枫下论坛 rolia.net
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  • Interesting reading. Received it from a friend. It explains how Wall Street works in a simple story.
    本文发表在 rolia.net 枫下论坛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 further announced that he would now buy at $20 for a monkey.

    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 small that it was an effort to even
    find

    a monkey, let alone catch it!

    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 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 $35, and when the man 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 the man nor his assistant again, only monkeys
    everywhere!



    Now you have a better understanding of how Wall Street works.更多精彩文章及讨论,请光临枫下论坛 rolia.net
    • at least we are not monkey yet. :D
      • Haha, soon.