the boy and the fishmonger 2.0.0
DESCRIPTION
UPDATED VERSION 2.0 of my last uploaded presentation, about a boy who must sell fish expand the business, and diversify, in order to pull his country out of poverty...TRANSCRIPT
The Boy and the FishmongerAn Inspirational Story
SS1 Slide Show Podcast
As told to Nathan Zhang
By the Tree of Life(in a dream of course...)
Once upon a time in the slums...
• There lived a boy and a fishmonger.• They were neighbors.• The boy's father was a paper-collector.• The fishmonger and the father were friends.• The fishmonger lived old and alone.• Thus the fishmonger was like an uncle to the boy.
The fishmonger had a problem...
• He was now in his late forties• He would be retiring soon• He needed a successor
o The successor would manage his small enterpriseo The successor had to come from his slumso He had no familyo Thus, the BOY would have to be his successor!
Just a small problem with that...
• The boy was only twelve• The boy had not gone to school
o In fact, he had no formal schooling• So the fishmonger would have to teach him the
businesso That shouldn't be TOO HARD, should it?
Another problem, sire?
• Actually, YES:o The boy wanted to collect and sell papers
Just like his fathero One problem with that also:
Sales of paper collection was weak• Guess the boy better become a fish seller, huh?
So the boy went off to study fish sales.• At first, he was treated nicely...
o And progressed along fine.• After four trimesters, he started to get lazy.
o He got a serious reprimand for that!• At fourteen, he became the fishmonger's successor.
o His fish sales skyrocketedo He was able to expand the business
The boy's first IPO
• The fish selling house was moved three timeso First to a small warehouseo Then to a garageo Finally to the basement of a skyscraper.
• At this point, the boy decided to go publico He launched an IPOo It was Ayyuthia's first
(BTW: the Boy lived in the land of Ayyuthia) (BTW: Ayyuthia is impoverished at the time)
• The IPO raised four hundred grando In Ayyuthian currency, of courseo Enough to expand into another trade
The Boy, now a Man
• The man moves out of the slumso and into an apartmento where he meets a banker
• The banker investso in real estateo and the man is interested
• The banker offers to teach the mano how to invest in real estateo the man takes up the offer
The man masters real estate
• And quickly begins buying lots of properties• He also sells the properties,
o for a large profito which he reinvests
in his old slums in order to improve his old neighbors'» standards of living» it's basically an aid package...
• The aid package failso and his neighbors are indebted to him
further perpetuating their poverty trap they HATE him for this
The man realizes his mistake
• And offers to teach his old neighborso his trade
• The man gets his neighbors some casho Basically, MICROCREDIT
which they MUST pay back after three trimesters
• They go out and purchase slums lando Which they develop
and sell for a huge profit
• They pay off their debt• And love the man again
The man receives his earnings
• and saves it for a rainy day• He now has more money• He's even richer• He buys himself a tract of land
o which he builds a shopping center ono and moves into a house
• His fish selling businesso moves into the shopping center
• The banker opens a brancho of his bank
in the shopping center
Then disaster strikes!
• a typhoon rips through Ayyuthia• the shopping center is destroyed• the fish all rot• looting takes place
o during which the bank is robbed during which the banker is shot
and is D.O.A. at the hospital which isn't much of a hospital.
• The man is so depleted of his capitalo he must return to the slums
which, BTW, doesn't exist anymore due to the typhoon
Using whatever capital left,
• The man rebuilds the slums• He sells fish again• He makes enough to expand• He IPO's• He moves his business
o into the basement of a new skyscraper
(the old having been damaged by the typhoon)
(and gone derelict)• The man starts over• and passes GO
o not collecting $200
The man reinvests in real estate
• And makes enough to resume MICROBANKING• Pulls his friends out of poverty
o they leave the slumso and together buy a tract of land
where they build a discount store• People across Ayyuthia come to buy stuff
o And they make a huge profit• The buy another tract of land
o and build a skyscraper• Ayyuthia is now a developing country
o no longer impoverished
Then, a Credit Crunch!
• The financial crisis wipes outo the savings of the poor
all over the world• The rich are now poor• The poor are now poop• REAL poop is now a commodity• The man and his friends
o buy up lots of REAL poop and turn it into a security
They make a profit»and the people hate them
Restoring reputations...
• is not extremely easy• it IS extremely HARD• But the man and their friends find a way
o by reinvesting the money in small enterprises
started by the poop people• The world of finance rebounds
o And Ayyuthia, which didn't do stimulus payments
and followed common sense» is now a WEALTHY country
The man grows old
• And needs a successor• so he goes back to the slums
o which, BTW, is no longer a slum but a massive apartment project
• He finds a boy of about twelve• and teaches him fish selling
o hoping that one day the boy will...
...SAVE THE WORLDfrom poverty, war, and...
...UNITE THE WORLD!!!
Fine.
http://shenshuaione.wordpress.com