Investment Banking explained
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Young Steve moved to Texas and bought a donkey from a farmer for $100.00.
The farmer agreed to deliver the donkey the next day.
The next day he drove up and said, 'Sorry son, but I have some bad
news, the donkey died.'Steve replied, 'Well, then just give me my money back.'
The farmer said, 'Can't do that. I went and spent it already.'
Steve said, 'OK, then, just bring me the dead donkey.'
The farmer asked, 'What ya gonna do with him?
Steve said, 'I'm going to raffle him off.'
The farmer said 'You can't raffle off a dead donkey!'
Steve said, 'Sure I can. Watch me. I just won't tell anybody he's dead.'
A month later, the farmer met up with Steve and asked, 'What happened
with that dead donkey?'Steve 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?'
Steve said, 'Just the guy who won. So I gave him his two dollars back.'
Steve now works for Citigroup.
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whats raffle?
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Originally posted by pewpew:
whats raffle?
lucky draw
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steve <-- this is what we call a smart businees man
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smart
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lol
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