Fabrice Grinda

Musings of an Entrepreneur

Wall Street 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.’
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.

Comments

  1. mansour
    March 24th, 2009 | 5:34 pm

    that’s good very good

  2. March 25th, 2009 | 12:44 pm

    [...] Funny post about Wall Street Investment Banking by Fabrice Grinda click! ↑ Back to top Comments RSS TrackBack [...]

  3. Khanan
    March 26th, 2009 | 8:45 am

    brilliant.

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