0 votes

The Logic of Economics Taught by Villager to IMF Investment Banker

An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.

The Mexican replied, "only a little while."

The American then asked why didn’t he stay out longer and catch more fish?

The Mexican said he had enough to support his family’s immediate needs.

The American then asked, "but what do you do with the rest of your time?"

The Mexican fisherman said, "I sleep late, fish a little, play with my children, take siestas with my wife, Maria, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life."

The American scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually New York City, where you will run your expanding enterprise."

The Mexican fisherman asked, "But, how long will this all take?"

To which the American replied, "15 - 20 years."

"But what then?" Asked the Mexican.

The American laughed and said, "That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions!"

"Millions - then what?"

The American said, "Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos."

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Truth-In-Motion

Can I be your wife ;)

I like this...

I like this...

Spoken like a true welfare commie

What happens to the poor fisherman's wife when she needs medical care for cancer, she dies. Oh well, at least he can still take naps.

What happens to the villiage, that a small group of responsible people created, when all none of its people work hard. The villiage dies.

In your story, the rich fish industrialist improves his villiage, provides real opportunities for others that want more out of life, but most importantly creates wealth that he can use to provide for and protect his family.

It really sounds like you have no fucking idea how much men have had to sacrifice and how much men have had to love others to create and maintain order that so many communist types enjoy. The only reason you can enjoy a life of luxury is because someone created villiages for you.

Look at all the shit that Ron Paul put up with every day for decades while trying to save this country's principles. Ron Paul is pro-free market, pro-capitalism...which includes sound banking. He loves Ayn Rand, the queen of capitalism.

Read Rand's Capitalism: The Unknown Ideal
http://www.amazon.com/Capitalism-Ideal-Ayn-Rand/dp/045114795...

This site is not anti-banking...it is against oppression of freedom.

Finally...Why do you think so many Mexicans are flocking to the USA? So they can take more naps?

You caught that right away,

You caught that right away, Boru.
Here is the original story from 1963
http://en.wikipedia.org/wiki/Anekdote_zur_Senkung_der_Arbeit...
"It was written for a May Day programme"
The author is Heinrich Böll
http://en.wikipedia.org/wiki/Heinrich_B%C3%B6ll
a "welfare commie" by Ron Paul standards, haha ;-)

A Fiat Monetary System Is Opression of Freedom

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

"Thomas Jefferson"

I would suggest you read "Confessions of an Economic Hitman" John Perkins.
Here is one of his videos, but I highly recommend the book. http://www.youtube.com/watch?v=yTbdnNgqfs8

Let's see......

I chose this same life of poverty, because I could have had a high paying career, but instead chose to stay at home and raise my 6 children, and homeschool them (in Austrian economics and Constitution to boot). Yes, and I can't afford to buy food at the health food store, but I can pick an organic tomato out of my garden, which I worked in without paying for a gardener. (But then again, I would miss all that good exercise and the fun of doing it). Oh, and by the way I have time to exercise by working on my homestead and eat all that good organic food, so I won't have to worry about that expensive cancer either. No Commies here, our children, grandchildren and ourselves, never took food stamps, or used the socialist schools either. We even paid the midwife for our home deliveries. (which are better than those insurance paid for hospital deliveries) You really ought to cool down a bit, besides if we were all like you, and the bankers, who would deal with your garbage, or empty your septic tank when it overflows???

This is a story about life's PRIORITIES

A story of a free person who choses to LIVE life each day without the trappings of wealth because to him, the simple life is more valuable than the stress and aggravation that amassing wealth entails. It is the story of choices and outlook on living that is told often in Mexico.

Anyone who cannot see the point of this story, and instead sees some communist plot.... I think, needs to go outside and breath in the air and smell the flowers a little bit. LIFE IS TOO SHORT to spend it angry and bitter.

Thomas Jefferson: “Indeed, I tremble for my country when I reflect that God is just, that His justice cannot sleep forever."

Viva La Revolucion!
http://www.youtube.com/watch?v=FmaTNf4YhEs

sounds just like someone with his panties in a wad

Gee I sound just like this person, but am I on welfare? Does the state take care of me? I use what I need, and give the rest to those around me. I'm not spending 60 hours a week sitting at a desk making someone else millions, and instead I spend my time with my family, farm, and friends.

If there is something wrong with this story please let us know what it is. If I was to follow the advise of the "banker" in this story I would end up owning a company just like Braum's. I would own the production, the processing, the delivery, the sales...and for what? So I could retire to my hobby farm when I am old and my kids are off doing their own thing. Instead I am doing that now while I have my kids around and can enjoy them.

How exactly do I owe anyone for putting a town ten miles from me? Are myself and my family in never ending servitude because there is a "village" near me? You make absolutely no sense what so ever. You actually sound like your simply pissed off that you have to work to much. But, if you actually have to work that much then it is your own decision and your own habits that brought it on. Don't piss on my parade because I have no debt and I don't feed the beast in order to have whatever it is the media is telling me I need.

Besides, more than likely the fisherman's wife won't ever get cancer because she's not eating the crap that people in "industrial land" obviously eat. She eats simply the natural food that is around her, and she lives a life without the stresses of debt and credit cards. She won't get cancer..it will be high stress angry types like you instead.

Now just to spite you, I'm gonna hop on the four wheeler and go fishing in the rain. Yep, it's the middle of the day on Friday, I provide very well for my family and yet I don't get a paycheck from anyone. What a terrible "commie" life. However I don't think I've ever been mistaken for a "commie", and I have never had any type of government assistance. It is simply because of the choices that we have made that we live this life.

LMAO @ calling someone a commie because they would rather enjoy a simple and meaningful life, than become a slave to the very system that wants all of us. What a hoot!

oh and P.S. I like a nap every once in a while. My kids nap after lunch and if I'm tired..I take one with them. However I do forget to fly my red flag when I do so. LOL What a freak!

One of the absolute best

One of the absolute best times in my life ... the afternoon nap with my 1 yr old girl ... sun coming in the window ... worked evenings in a pub.

Easy there, buddy

There is nothing in this story to suggest this lone fisherman has ever asked for, expected, or received communal assistance. What the story DOES say is that he works for his happiness, and he clearly is happy with a simple life, all of which is 100% his. Not the banker's. Not the government's. Not the community's.

Actually, his story reminds me of Galt's Gulch where very wealthy industrialists were running mom&pop shops because they chose not to live their life for anyone but themselves. They considered themselves richer in Galt's Gulch, though they owned almost nothing.

I understand your encouragement of ambition, future planning, wealth creation, etc., but if it doesn't lead to happiness, what's the point?

I've come to the conclusion, after decades in the large and small corporate world, climbing ladders, planning futures, etc., that much of my life has been frittered away making bankers richer. Am I so much smarter than the fisherman?

No.

"he works for his happiness"

Straight out of EVERY Rand story, article or essay. That was my first thought before reading the rest of your comment.
I used to have an uncle R. J. Good guy!

This is very good

I was thinking along the same lines when everyone was debating illegal immigration,I was wondering why they would even want to come here.They have villages with their own little "localised" free market economies set up on the barter system.Just what every libertarian is striving for.Perplexing?.

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

Monsanto GMO corn ruined heirloom Mexican corn.

Police and federal intimidated, coerced, decieved, terrorized, kidnapped and killed small family farmers and thier families to gain access to the lands to create the "plantaions" of "peasantville".

"At least 250,000 Mexicans marched through the capital and other cities on Sunday in protest at the Government's failure to control lawlessness in one of the world's most crime-ridden countries."
Mexicans protest at soaring crime
By Mary Jordan
Mexico City
June 29, 2004
http://www.theage.com.au/articles/2004/06/28/1088392599561.html

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”

I love it.

Sounds a whole lot like some conversations I have had about my farming adventure. I'm doing right now exactly what I had planned on doing in retirement, and because we keep it simple my wife should be able to retire by the age of 45. Then I will be retired because I'll have her and the kids helping out a whole bunch by then.

As I see it..I'm a laborer right now, but when she retires and the kids get older...I'm going into "small farm management". :O)