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1. Last name : (_) Yadav
(_) Sinha
(_) Pandey
(_) Misra
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(Check karet box) 2. First name : (_) Ramprasad
(_) Lakhan
(_) Sivprasad
(_) Jamnaprasad
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(_) Greater than phipty
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(Check karet box) 4. Sex: ____ M _____ F _____ not sure _____not applicable 5. Chappal Size: ____ Lepht ____ Right 6.Occupason : (_) Politison (_) Doodhwala (_) Pehelwaan (_) House wife! (! ! _) Un-employed (Check karet box) 7. Number of children libing in the household: ___
8. Number that are yours: ___ 9. Mather name: ____________ _________ __
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INFOSYSism You have a 1000 poor cows. You put them on a nice campus, & send them one at a time to the US for milking.
PATNIism You have 10 cows. You make them work so that they give milk of 100 cows
WIPROism GE has a cow. You take 49% of the milk.
DELLism Intel has a Goat. Samsung has a Camel. Buy milk from both & sell it as Cow's milk.
Accentureism You have fat cows all across the Globe. Recently realised Indian cows produce quality milk and more importantly eat less.....
IBMism You have old stubborn cows. You sell them as pet dogs to innocent small businessmen.
MICROSOFTism You have a cow. Force the world to buy milk from you. Spend a million dollars to feed poorer cows.
SUNism You have a bull. It doesn't give milk. You hate Microsoft.
ORACLEism You have a cow. You don't know which side to milk, so you sell tools to help milk cows.
SAPism You don't have a cow You sell milking solutions for cows implemented by milking consultants.
APPLEism You have a cow. You sell iMilk.
SONYism You have a cow. You spend $50 mn to develop the world's thinnest milk.
CITIBANKism Welcome to Citibank. If you have a cow, press 1. If you have a bull, press 2...stay on line if you'd like our customer care to milk it for you.
HPism You don't know if what you have is a cow. You sell complete milking solutions through authorised resellers only.
GEism You have a donkey. People think you have a 100-year old cow. If someone finds out, that's his imagination at work.
RELIANCEism You don't yet have a cow. You sell empty cans to people for Rs. 501, because Dhirubhai wanted everyone to have milk.
ICICIism You have 10,000 poor cows you hire them, you milk them max possible, you rate them at 4. They'll run away someday, Hire new cows again........
Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.
1) There were 3 citizens living on this island country.A owned the land.
B and C each owned 1 dollar.
2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.
* The net asset of the country now = 3 dollars.
3) Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up.
So, he borrowed 1 dollar from A, and together with his own 1 dollar he bought the land from B for 2 dollars.
* A has a loan to C of 1 dollar, so his net asset is 1 dollar.
* B sold his land and got 2 dollars, so his net asset is 2 dollars.
* C owned the piece of land worth 2 dollars but with his 1 dollar debt to A, his net residual asset is 1 dollar.
* Thus, the net asset of the country = 4 dollars.
4) A saw that the land he once owned has risen in value. He regretted having sold it.
Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollars from B and acquired the land back from C for 3 dollars.
The payment is by 2 dollars cash (which he borrowed) and cancellation of the 1 dollar loan to C.
As a result, A now owned a piece of land that is worth 3 dollars. But since he owed B 2 dollars, his net asset is 1 dollar.
* B loaned 2 dollars to A. So his net asset is 2 dollars.
* C now has the 2 coins. His net asset is also 2 dollars.
* The net asset of the country = 5 dollars. A bubble is building up.
(5) B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollars. The payment is by borrowing 2 dollars from C, and cancellation of his 2 dollars loan to A.
* As a result, A has got his debt cleared and he got the 2 coins. His net asset is 2 dollars.
* B owned a piece of land that is worth 4 dollars, but since he has a debt of 2 dollars with C, his net Asset is 2 dollars.
* C loaned 2 dollars to B, so his net asset is 2 dollars.
* The net asset of the country = 6 dollars; even though, the country has only one piece of land and 2 Dollars in circulation.
(6) Everybody has made money and everybody felt happy and prosperous.
(7) One day an evil wind blew, and an evil thought came to C's mind. "Hey, what if the land price stop going up, how could B repay my loan. There is only 2 dollars in circulation, and, I think after all the land that B owns is worth at most only 1 dollar, and no more."
(8) A also thought the same way.
(9) Nobody wanted to buy land anymore.
* So, in the end, A owns the 2 dollar coins, his net asset is 2 dollars.
* B owed C 2 dollars and the land he owned which he thought worth 4 dollars is now 1 dollar. So his net asset is only 1 dollar.
* C has a loan of 2 dollars to B. But it is a bad debt. Although his net asset is still 2 dollars, his Heart is palpitating.
* The net asset of the country = 3 dollars again.
(10) So, who has stolen the 3 dollars from the country ? Of course, before the bubble burst B thought his land was worth 4 dollars. Actually, right before the collapse, the net asset of the country was 6 dollars on paper.
B's net asset is still 2 dollars, his heart is palpitating.
(11) B had no choice but to declare bankruptcy. C as to relinquish his 2 dollars bad debt to B, but in return he acquired the land which is worth 1 dollar now.
* A owns the 2 coins, his net asset is 2 dollars.
* B is bankrupt, his net asset is 0 dollar. (He lost everything)
* C got no choice but end up with a land worth only 1 dollar
* The net asset of the country = 3 dollars.
*********** ************ **End of the story; BUT ************ ********* **
There is however a redistribution of wealth.
A is the winner, B is the loser, C is lucky that he is spared.
A few points worth noting -
(1) When a bubble is building up, the debt of individuals to one another in a country is also building up.
(2) This story of the island is a closed system whereby there is no other country and hence no foreign debt. The worth of the asset can only be calculated using the island's own currency. Hence, there is no net loss.
(3) An over-damped system is assumed when the bubble burst, meaning the land's value did not go down to below 1 dollar.
(4) When the bubble burst, the fellow with cash is the winner. The fellows having the land or extending loan to others are the losers. The asset could shrink or in worst case, they go bankrupt.
(5) If there is another citizen D either holding a dollar or another piece of land but refrains from taking part in the game,he will neither win nor lose. But he will see the value of his money or land go up and down like a see saw.
(6) When the bubble was in the growing phase, everybody made money.
(7) If you are smart and know that you are living in a growing bubble, it is worthwhile to borrow money (like A ) and take part in the game. But you must know when you should change everything back to cash.
(8) As in the case of land, the above phenomenon applies to stocks as well.
(9) The actual worth of land or stocks depends largely on psychology.
Equation 1 Human = Eat + Sleep + Work + Enjoy .......(1) Donkey = Eat + Sleep ........(2) Therefore, Human = Donkey + Work + Enjoy ........from (1) & (2) Therefore, Human - Enjoy = Donkey + Work In other words, Human that don't enjoy = Donkey
Equation 2 Man = Eat + Sleep + Earn Money ........(3) From (2) Donkey = Eat + Sleep Therefore, Man = Donkey + Earn Money Therefore, Man - Earn Money = Donkey In other words, Man that doesn't earn money = Donkey
Equation 3 Woman = Eat + Sleep + Spend .......(4) From (2) Donkey = Eat + Sleep Therefore, Woman = Donkey + Spend Therefore, Woman - Spend = Donkey In other words, Woman that doesn't spend = Donkey
Conclusion From Equation 2 & Equation 3 Man that doesn't earn money = Woman that doesn't spend So, men earn money not to let woman become a donkey! (Postulate 1) And, women spend not to let man become a donkey! (Postulate 2) So ultimately we have, Man + Woman = Donkey + Earn Money + Donkey + Spend Money Thus, the conclusion is, Man + Woman = 2 Donkeys that live happily together!
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