I came across this
today and thought others here would appreciate it.
A friend just shared with me this stock market story 😁
A lot of monkeys live near a village.🐒
One day a merchant came to the village to buy these
monkeys!🐵
He announced that he will buy the monkeys @ $100 each. 🙊
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100
each?
Still, some people caught some monkeys and gave it to
this merchant and he gave $100 for each monkey.
This news spread like wildfire and people caught monkeys
and sold it to the merchant.
After a few days, the merchant announced that he will
buy monkeys @ 200 each. 😉
The lazy villagers also ran around to catch the
remaining monkeys!🐒
They sold the remaining monkeys @ 200 each.🐒
Then the merchant announced that he will buy monkeys @ 500
each!😮
The villagers start to lose sleep! ... They caught six
or seven monkeys, which was all that was left and got 500 each.🙊
The villagers were waiting anxiously for the next
announcement.😉
Then the merchant announced that he is going home for a
week. And when he returns, he will buy monkeys @ 1000 each!😉
He asked his employee to take care of the monkeys he
bought. He was alone taking care of all the monkeys in a cage.🐒
The merchant went home.😉
The villagers were very sad as there were no more
monkeys left for them to sell at $1000 each.☹️
Then the employee told them that he will sell some
monkeys @ 700 each secretly. 😉
This news spread like wild fire. Since the merchant buys
monkeys @ 1000 each, there is a 300 profit for each monkey.
The next day, villagers made a queue near the monkey
cage.🐵
The employee sold all the monkeys at 700 each. The rich
bought monkeys in big lots. The poor borrowed money from money lenders and
also bought monkeys! 🙊
The villagers took care of their monkeys & waited
for the merchant to return.
But nobody came! ...😳 Then they ran to the
employee ..
But he has already left too !😉
The villagers then realised that they have bought the
useless stray monkeys @ 700 each and unable to sell them! 😩
It made a lot of people bankrupt and a few people filthy
rich in this monkey business. 🐒😉😅
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