"Chuck and his Mustang", or: "How the American Financial System Works".
Young Chuck wants to get rich with a ranch of his own. To start the business off, he buys a horse from a farmer. He gives his $100 to the farmer, who promises to deliver the horse the following morning.
Next day the farmer calls Chuck and tells him the bad news: "The horse died in the night - sorry." "No problem," says Chuck, "Just give me back my $100 and we'll call it quits." "No can do," replies the farmer, "I already spent that $100 on fertiliser."
Chuck thinks for a moment. "Well," he decides, "I'll take that dead horse anyways."
"What on earth for?" asks the farmer. "I'm gonna raffle it off," explains Chuck.
"You can't raffle off a dead horse!" The farmer is amazed.
But Chuck chuckles: "No problem! I just won't tell anyone he's already dead." ...
---
A coupla months later Chuck, dressed all fine and dandy, like, and the farmer, in his old boots and coat, meet by chance by the market. The farmer asks, "Well, howdy, Chuck, how did the raffle of the dead horse go?" "Ace, sir," Chuck replies, "I sold over 500 raffle tickets at $2 each, and made my first thousand dollars of profit." "Yes ... but did nobody complain?" "Well, yes, one person did: the winner," said Chuck, "but I just gave him his $2 back so that was that."
---
Today Chuck is selling structured financial products for Goldman Sachs.
---
No comments:
Post a Comment