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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3 Responses

  1. Nice one, Tom-
    That reminds me of an old joke.
    If General Motors was a horse…
    A Rancher wanted to auction off his horse.
    His son replied, “That old nag? No one will buy that horse-
    she is lame, nearly blind, has a mangy coat, and bad teeth.”
    The Rancher said, “Nonsense, someone will buy her.”

    At the auction, the Auctioneer yelled, “Who will bid $500-
    for this horse?” Silence… “$400?”…more silence…”$300?
    $200?…$100?…$50?”… A man in the crowd raised his hand.
    The auctioneer cried, “$50!, do I hear $75?… Okay, $50 going
    once, twice, sold for fifty dollars!

    The winning bidder approached the horse, undid the saddle,
    put the saddle in his truck and drove away.

  2. I feel our economic situation will worsen, before getting better, but right now there’s a “Street Fight” going on, where the winner must be decided first before solutions can be found and implemented.

    http://ourcountryspresident.wordpress.com/2009/03/02/what-street-you%E2%80%99re-from-is-becoming-more-important/

  3. […] Scott Gallup added an interesting post on bHumor/b: How Wall St Works « Meltdown 2011Here’s a small excerptbHumor/b: How Wall St Works. Posted on March 1, 2009 by Scott Gallup. 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. b…/b […]

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