A young businessman was at the pier of a small coastal village when a small boat with just one fisherman docked. Seeing several large yellowfin tuna inside the small boat, the businessman complimented the fisherman on the quality of the fish and asked how long it took to catch them. "Only a little while", the fisherman replied.
A little surprised, the young business man asked, "Why didn't you stay out longer and catch more fish?" The content fisherman said, "This is enough to support my family's immediate needs. I don't need any more." "But what do you do with the rest of your time?" asked the confused young man. "I sleep late, fish a little, play with my children, take a walk with my wife, stroll into the village each evening where I sip wine and play guitar with my buddies; I have a full and busy life."
The lad scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds buy a bigger boat with the proceeds from the bigger boat you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to LA and eventually NYC where you will run your expanding enterprise."
The fisherman asked, "How long will this all take?" to which the young man replied, "15-20 years." "But what then?" The business man laughed and said "That's the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions."
"Millions, sir? Then what?"
"Then you would retire, move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take a walk with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your buddies."
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Me. I'm the idiot's guide to investing. Piled into commodity (mining) stocks yesterday:
"Mining stocks “had their worst day for 20 years”, said the FT"
F**k.Leave a comment:
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How the bail out works. Young Chuck moved to Texas and bought a Donkey from a farmer for $100. The farmer agreed to deliver the Donkey the next day.
The next day he drove up and said, 'Sorry son, but I have some bad News, the donkey died.' Chuck replied, 'Well, then just give me my money back.' The farmer said, 'Can't do that. I went and spent it already.' Chuck said, 'Ok, then, just bring me the dead donkey.' The farmer asked, 'What ya gonna do with him? Chuck said, 'I'm going to raffle him off.' The farmer said You can't raffle off a dead donkey!' Chuck said, 'Sure I can Watch me. I just won't tell anybody he's dead.' A month later, the farmer met up with Chuck and asked, 'What happened with that dead donkey?' Chuck said, 'I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998.' The farmer said, 'Didn't anyone complain?' Chuck said, 'Just the guy who won. So I gave him his two dollars back.' Chuck now works for Goldman Sachs.Leave a comment:
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Idiots guide to the stock market.
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, took out loans and borrowed from
the banks 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 the stock market works.!!!!!
PS. The last capitalist we hang shall be the one who sold us the rope.
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