【Learn More】Interesting financial stories – understanding them means earning money

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【Learn More】Interesting financial stories – understanding them means making money. 10 such stories to help you easily understand finance. 1. Interest The banker’s son asked his father, “Dad, the money in the bank belongs to customers and savers.” So how did you earn a house, a Mercedes, and a yacht? ”Banker: “Son, there’s a piece of fatty meat in the fridge; go get it.” ”My son brought it. “Put it back again. ”The son asked, “What does that mean?” ”The banker said, “Look, is there oil on your fingers?” ” 　　2. Investment Banking A novice in investment banking asked, “What is investment banking?” An experienced colleague gave him some rotten fruits and asked, “How do you plan to sell these fruits?” The novice thought for a while and said, “I’ll sell them at a discounted price based on the market rate.” ”The senior shook their head, picked up a fruit knife, peeled and cut the rotten fruit into pieces to create a nice fruit platter: “In this way, it can be sold at dozens of times the original price.” 　　3. Sales The guy says to the girl: I’m the best; I promise to make you happy. Be with me. ——This is salesmanship. 　　The boy said to the girl, “My dad owns 3 houses; be good to me, and they’ll all be yours in the future.” ——This is a promotion. 　　Boys never confess their feelings to girls, but girls are fascinated by a boy’s charm and grace. ——This is marketing. 　　The girl didn’t know the guy, but all her friends spoke highly of him. ——This is a brand. 　　4. Parking A wealthy man went to a bank on Wall Street and borrowed 5,000 dollars for a period of two weeks. The bank required collateral for the loan, so he used his Rolls-Royce parked outside as collateral. The bank clerk parked his Rolls-Royce in the underground garage and then lent 5,000 yuan to the wealthy man. Two weeks later, the wealthy man came to repay the money; the interest amounted to 15 yuan. The bank clerk noticed that the man had tens of millions of dollars in his account and asked why he still needed to borrow money. The rich man said: A parking space for 15 yuan per two weeks is something you can never find on Wall Street. 　　5. Long-term investment A 8-year-old girl brought three coins to buy melons from a melon farm. Seeing that she had too little money, the farmer tried to trick her into leaving; he pointed to a small, unripe melon and said, “Three coins are only enough for that small melon.” The girl agreed and happily handed the money to the farmer. The farmer was surprised and said, “This melon isn’t ripe yet – how can you eat it?” The girl replied, “Once I’ve paid, the melon belongs to me. I’ll come back when it’s ripe.” ” 　　6. Industrial Economics In class, the professor teaches economics: “What is the primary sector? Raising cattle and sheep.” What is the secondary industry? Slaughtering cattle and sheep. What is the tertiary industry? Eat beef and drink sheep soup. ”A student asked, “What about the cultural industry then?” The professor’s eyes lit up: “Good question! Truly my good student.” ”Then he replied, “The so-called cultural industry is nothing but boasting and showing off!” ” 　　7. Profitless Investment 　　“Please give an example of what a profitless investment is.” ”The economics professor asks a question. “Take my sister out to play. ”A male student replied. 　　8. Game Theory 　 If four guys all try to pursue the same beautiful girl, she will definitely act high and mighty and ignore them all. If the boy tries to pursue another girl at this point, she won’t accept him either, because no one wants to be a second choice. But if those four pursue other girls first, that pretty girl will be isolated, and it will be much easier to pursue her then. ——The simplest explanation of game theory by mathematical genius Nash. 　　9. There is no such thing as a free lunch. This phrase was first coined by the economics master Friedman. Its original meaning is that even if you don’t have to pay to eat, you still have to pay a price. Because the time you spend having this meal could be used for other things, such as closing a deal worth 1 million. By spending your time on this meal, you lose out on all those potential benefits. This is the concept of opportunity cost. Did you know about it before? 10. Sharing Economy: If you have 6 apples, don’t eat them all, because that way you will only be able to taste one type of apple. If you give 5 of them to others, you will gain the friendship and goodwill of those five people; in the future you will receive even more, and when others have other fruits, they will share them with you as well. One must learn to use what one has to exchange for something that is more important and valuable to them. Giving up is wisdom; sharing is a virtue. (Source: Finance Insider)