Posted: 16 May 2011 at 11:04am | IP Logged
Originally posted by monar
Originally posted by night13hilarious
<edit from earlier post!>
There has to be some humor to all this ... cause people never cease to learn!
A stock analyst and a Wall Street broker went to the races. The broker suggested to bet $10,000 on a horse. The analyst was sceptical, saying that he wanted first to understand the rules, to look on horses, etc. The broker whispered that he knew a secret algorithm for the success, but he could not convince the analyst.
"You are too theoretical," he said and bet on a horse. Surely, that horse came first bringing him a lot of money. Triumphantly, he exclaimed: "I told you, I knew the secret!"
"What is your secret?" the analyst asked.
"It is rather easy. I have two kids, three and five year old. I sum up their ages and I bet on number nine."
"But, three and five is eight," the analyst protested.
"I told you, you are too theoretical!" the broker replied, "Haven't I just shown experimentally that my calculation is correct?!"
broker and Analysts are as different as Engineers and Researchers .. I am an Engineer who is trying to understand finance so at the end I seem to be going brokers way
couldn't stop myself from posting this
A mathematician and an engineer are sitting next to each other on a long flight. The mathematician leans over to the engineer and asks if he would like to play a fun game. The engineer just wants to take a nap, so he politely declines and rolls over to the window to catch a few winks.
The mathematician persists and explains that the game is real easy and lots of fun. He explains, "I ask you a question, and if you don't know the answer, you pay me $5. Then you ask me a question, and if I don't know the answer, I'll pay you $5."
Again, the engineer politely declines and tries to get to sleep. The mathematician, now somewhat agitated, says, "Okay, if you don't know the answer, you pay me $5, and if I don't know the answer, I'll pay you $50!"
This catches the engineer's attention, and he sees no end to this torment unless he plays, so he agrees to the game. The mathematician asks the first question. "What's the distance from the earth to the moon?"
The engineer doesn't say a word, but reaches into his wallet, pulls out a five-dollar bill and hands it to the mathematician Now, it's the engineer's turn. He asks the mathematician "What goes up a hill with three legs and comes down on four?"
The mathematician looks up at him with a puzzled look. He takes out his laptop computer and searches all of his references. He taps into the air phone with his modem and searches the net and the Library of Congress. Frustrated, he sends e-mail to his co-workers all to no avail.
After about an hour, he wakes the engineer and hands him $50. The engineer politely takes the $50 and turns away to try to get back to sleep.
The mathematician then hits the engineer, saying, "What goes up a hill with three legs, and comes down on four?" The engineer calmly pulls out his wallet, hands the mathematician five bucks, and goes back to sleep.
that was a good one monar! Its not even always about being penny wise and pound foolish. Mental compartmentalisation of money tends to affect ones judgement. Say, a certain Mr X lost his movie ticket costing about Rs 500/- He was so disappointed at the loss that he turned back choosing not to buy another ticket. Mr. Y on ther other hand discovered that he had lost a Rs 500/- note . Though disappointed he did not mind shelling out another 500 bucks to purchase a movie ticket. Each had incurred a loss of Rs 500/- but it was perceived in a different manner.