economic lessons, monkey style.


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mate sent this through this morning. i thought that in view of overnight on the markets, he could have been exhibited better timing.

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.

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 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 with all their savings and bought

all the monkeys.Then they never saw the man nor his assistant, only monkeys everywhere!

Now you have a better understanding of how the stock market works.

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