Insights of Stock Market
The man bought thousands at Rs10 and as supply started to diminish, theÂ Villagers stopped their effort. He further announcedÂ That he would now buy at Rs20. This renewed the efforts of the villagers and they startedÂ Catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man hasÂ Collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50.”
The villagers squeezed up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!! !
Welcome to the “Stock” Market!!!!!