Humor: How Wall St Works

From Jim Sinclair:

Wall Street Economics

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 the farmer drove up and said, ‘Sorry Chuck, but I have some bad news, the donkey died.’ 

Chuck replied, ‘Well, then just give me my money back.’ 

‘Can’t do that. I went and spent it already.’

‘OK, then, just bring me the dead donkey.’

‘What ya gonna do with a dead donkey?

‘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 apiece and made a profit of $898.00.’ 

‘Didn’t anyone complain?’

‘Just the guy who won. So I gave him his two dollars back.’

Chuck now works for Morgan Stanley in their OTC Default Derivative Department.

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Dollar Velocity, March 2009

2009-03-dollar-velocity