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The Investment Banker and The Mexican Fisherman

Discussion in 'Fred's House of Pancakes' started by PriusFruit, Jul 5, 2020.

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  1. PriusFruit

    PriusFruit Member

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    There's a nice lesson in this tale.

    An investment banker stood 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 banker complimented the fisherman on the quality of his fish and asked how long it took to catch them.

    The fisherman replied, “Only a little while.”

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

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

    The banker then asked, “But what do you do with the rest of your time?”

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

    The investor scoffed, “I am an Ivy League 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, and eventually you would have a fleet of fishing boats.
    “The investor continued, “And instead of selling your catch to a middleman you would then 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 Los Angeles and eventually New York City, where you will run your expanding enterprise.”

    The fisherman asked, “But how long will this all take?”

    To which the banker replied, “Perhaps 15 to 20 years.”

    “But what then?” asked the fisherman.

    The banker 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. Okay, then what?” wondered the fisherman.

    To which the investment banker replied, “Then you would retire. You could move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, and stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”
     
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  2. Salamander_King

    Salamander_King Senior Member

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    This is a well-known story circulating the internet for many years. I read it over 10 years ago. It is a good story, I like it. But the lesson the story tries to convey has a huge flaw. The poor fisherman at the start of the story and the millionaire businessman he will become at the end of the story may have a very similar lifestyle, but the similarity ends there. There are huge differences. One is living day to day with no financial security, whereas other is living with no worry in total freedom with enough financial backing. Which is better or worse? That's for the readers to decide.
     
  3. fuzzy1

    fuzzy1 Senior Member

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    Poor, no financial security? Maybe, maybe not. The story doesn't disclose this, it is just a common reader assumption.
    Also a reader assumption. Which does not fit a great many who outwardly appear to be in that position.
    ===================================
    Another angle to this: remember the political talk blow-up a few years back, when a Seattle Public Schools website listed "future time orientation" as a form of "cultural racism"?
     
    #3 fuzzy1, Jul 5, 2020
    Last edited: Jul 5, 2020
  4. Salamander_King

    Salamander_King Senior Member

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    Exactly. That's the power of storytelling. What lessons to be learned, which is not singular, are totally on the readers' imagination.
     
    #4 Salamander_King, Jul 5, 2020
    Last edited: Jul 5, 2020
  5. AzusaPrius

    AzusaPrius Senior Member

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    There is no flaw if you know the meaning. Wealth is more than paper money or shiny metals. The story is trying to tell you to relax and dont need so much. The fisherman was already wealthy.

    Posted via the PriusChat mobile app.
     
  6. Salamander_King

    Salamander_King Senior Member

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    He who knows he has enough is rich.
    Yap, that's the ideological meaning of "wealth". But would everyone agree that is the universal truth? I just don't think so.
     
  7. PriusFruit

    PriusFruit Member

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    That's a very good point.

    My one addition to the story to fit me is the fisherman saves a little each day to have for those rainy days.

    My favorite quote on money is that it's a tool.
     
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  8. John321

    John321 Senior Member

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    I enjoyed the story - thank you for posting it.

    For me it reminds me of the glass half filled with water - One person going through life with a chip on their shoulder and despondent because they only have a glass half filled with water and another going through life satisfied and with great joy knowing they have a glass half filled with water.

    The morale of many of these stories is very similar - life is what you make of it.

    The Beatles a famous singing group from years past used to write songs that incorporated this thinking - Love is all you need was one another song had a verse " and in the end the love you get is equal to the love you give " ( if my failing memory serves me right).
     
    #8 John321, Jul 6, 2020
    Last edited: Jul 6, 2020
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  9. bisco

    bisco cookie crumbler

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    ah, the songs are great, but the beatles were like most others, money hungry never have enough, never satisfied.
    when asked, they would always say. 'it's just a song'.
    could be what drives many to the pursuit of perfection.
     
  10. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    Done!

    I live in a small southern town, work in a non-salaried position, and this last weekend I took a siesta and played with grandchildren.
    I COMPLETELY understand the story.....but then I grew up with two relatively rich aunts/uncles (low 7 figures) and two relatively poor ones (SS provides most of their income) and I learned at a VERY early on which of these are the more "FORTUNEate" and have more or less patterned my life accordingly.

    However (comma!) most of us in this forum start out as being fabulously wealthy as compared to those in other parts of the globe - some parts of which I've had the opportunity to see first-hand.

    David Gordon's paper, "Indicators of Poverty and Hunger", for the United Nations, further defines absolute poverty as the absence of any two of the following eight basic needs:
    • Food: Body mass index must be above 16.
    • Safe drinking water: Water must not come solely from rivers and ponds, and must be available nearby (fewer than 15 minutes' walk each way).
    • Sanitation facilities: Toilets or latrines must be accessible in or near the home.
    • Health: Treatment must be received for serious illnesses and pregnancy.
    • Shelter: Homes must have fewer than four people living in each room. Floors must not be made of soil, mud, or clay.
    • Education: Everyone must attend school or otherwise learn to read.
    • Information: Everyone must have access to newspapers, radios, televisions, computers, or telephones at home.
    • Access to services: This item is undefined by Gordon, but normally is used to indicate the complete panoply of education, health, legal, social, and financial (credit) services.
     
    #10 ETC(SS), Jul 6, 2020
    Last edited: Jul 6, 2020
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  11. Prius Maximus

    Prius Maximus Senior Member

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    Sounds like an old Benny Hill routine.

    You should get a job.
    Why?
    So you can make money.
    Why?
    So you can save money.
    Why?
    So you can retire.
    Why?
    So you won't have to work anymore.
    But I'm not working now!
     
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