Investment Banking Explained - Ford Powerstroke Diesel Forum
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Old 03-16-2009, 01:24 PM
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Investment Banking Explained

Investment Banking Explained

> cid:image001.jpg@01C9928F.956877C0
> 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 a pi ece and made a profit of $898.00."
> 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 for Morgan Stanley.
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