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Investment Banking Explained - 8/27/2009 5:21:02 PM   
MasterG2kTR


Posts: 6677
Joined: 8/7/2004
From: Wisconsin
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  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 apiece 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.

< Message edited by MasterG2kTR -- 8/27/2009 5:23:16 PM >
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