Wall street thinking 101

Dead Money

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Sep 15, 2005
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Upstairs watching sports on the big TV.
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 in their OTC Default Derivative Department.
 
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