Well GREAT BIG INDIAN STORY :
I PICKED IT UP INTERNET.
The story has a inner story in its depth,about India being paranoid!
Its such a thing in India to berate everything.
Be it celebrities,mobile,TV,....practically anything thats upcoming..
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Very interesting story !!!
There lived lot of monkeys in a village.
One day a merchant came to the village to buy these monkeys.
He announced that he will buy a monkey @ hundred rupees each.
The villagers thought that this man is mad
They thought,how can somebody buy stray monkeys.Will anybody give 100 rupees for this useless monkeys?
Still,some peoples caught some monkeys and gave it to this merchant and he gave 100 rupees for each monkey.
This news spread like anything and people caught monkeys and sold it to monkey merchant.
After some days he announced that he will buy monkeys @ 200 each
The lazy villagers ran around to catch the remaining monkeys
They sold the remaining monkeys @200 each.
Then the merchant announced that he buy monkeys @500 each
The villagers lost sleep.They Caught six or seven monkeys ,which was left and got 500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for one week.And promised that when he returns,he will buy monkeys @ 1000 each.
He asked his employee to take care of the monkeys.He was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad that there were no monkeys left for them to sell it at 1000 rupees.
Then the merchant's employee told them that he will sell some monkeys @700 each secretly.
This news also flashed like fire,since the merchant buy monkey @ 1000 each.300 profit for one monkey.
Laddu broke on villagers' head.
The next day villagers made a que near the monkey cage.
The employee sold all the monkeys at 700 each
The rich bought monkeys in lot. The poor also borrowed money from financiers and bought monkeys.
He sold all the monkeys @ 700 rupees.
The villagers took care of their monkeys & waited for the merchant to return.But nobody came.
Then they ran to the employee.
But he has already left.
Then the villagers realized that,they bought the useless & stray monkeys @ 700 each
This was how business done earlier in our stock markets and lots of innovations are brought in during last decade and half.
This business has made a lot of people bankrupt & a few people crorepathis in this monkey business.
PS: This was shared to me by a good friend of mine to explain about stock markets in India (now of course SEBI is a watchdog doing a reasonably good job of regulating markets)
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