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Thursday, April 02, 2009

Investment Banking Explained


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.'
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 a dead donkey?'
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 apieceand made a profit of $998.00.'
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 on Wall Street. - Author Unkown

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5 Comments:

Anonymous del patterson said...

This was just plain hilarious. I am sending it on to my econ. buddies at the high school.

Glad I found your blog.
Thanks

7:13 PM  
Blogger Papamoka said...

Come back for the serious stuff too Del. We would love to hear your feed back on it too!

8:59 PM  
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12:08 AM  
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9:37 PM  
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7:28 AM  

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