He who works all day is miserable, he who plays all day doesn't pay his bills. The Bowman hits the mark, as sailor reaches land, by having different skills and knowing when to work and when to relax.
~unknown
Wednesday, October 29, 2008
Wednesday, October 15, 2008
Lesson from Wall Street Why There is a Fianancial Crisis
I just got this article from a friend and wonder if this is right or wrong, however the story is interesting indeed.
If you have difficulty understanding the current world financial mess, the following should help...
Once upon a time in a village in India, a man announced to the villagers that he would buy monkeys for $10.
The villagers, seeing there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts.
So the man announced that he would now buy at $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 $25, and the supply of monkeys dropped so much that it was an effort to even see a monkey, let alone catch one!
The man now announced he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as buyer, on his behalf.
In the man's absence, his 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 $35 and when he returns from the city, you can sell them back to him for $50.'
The villagers squeezed together their savings and bought all the monkeys.
Then they never saw the man or his assistant again, only monkeys everywhere!
Welcome to WALL STREET, The City of London and all the Venerable Institutions permitted to monkey around with our money !!
If you have difficulty understanding the current world financial mess, the following should help...
Once upon a time in a village in India, a man announced to the villagers that he would buy monkeys for $10.
The villagers, seeing there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts.
So the man announced that he would now buy at $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 $25, and the supply of monkeys dropped so much that it was an effort to even see a monkey, let alone catch one!
The man now announced he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as buyer, on his behalf.
In the man's absence, his 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 $35 and when he returns from the city, you can sell them back to him for $50.'
The villagers squeezed together their savings and bought all the monkeys.
Then they never saw the man or his assistant again, only monkeys everywhere!
Welcome to WALL STREET, The City of London and all the Venerable Institutions permitted to monkey around with our money !!
Friday, October 10, 2008
Growth
No life ever grows great until it is focussed, dedicated and disciplined.
~I am questioning myself on which staged am I in?
~I am questioning myself on which staged am I in?
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