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Investment Banking Explained...

Discussion in 'Finance & Banking' started by Tropo, 11th May, 2009.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    Investment Banking Explained:

    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 last night.'"
    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 an American bank.
     
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    lol, good return though...
     
  3. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    LOL I read that joke the other day. It's still funny the second time around...