Story of MonkeyOnce upon a time in a
village, a man appeared and 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 Rs. 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 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 Rs50! 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 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!!!!!
|