start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

I say things on Twitter

4/4/08

understanding the stock market: lesson III

A man walks into a brokerage, and after being greeted by the manager says,

"Well, I have half a million dollars to invest and I'm looking for advice."

The broker says, "That's a good amount, Sir, but all the same I need to ask you a couple of screening questions before we go any further.

"Sure, go ahead."

So the broker asks, "A horse, a cow, and a deer all eat the same stuff, grass. Yet a deer excretes little pellets, while a cow turns out a flat patty, and a horse produces clumps of dried grass. Why do you suppose that is?"

The man replies, "Hmmm...I have no idea, I'm afraid."

To which the broker says, "Well, seeing that you don't know shit, I have the perfect portfolio set-up to offer you, Sir."