1. The Boy and the Fishmonger
An Inspirational Story
SS1 Slide Show Podcast
2. As told to Nathan Zhang
By the Tree of Life
(in a dream of course...)
3. 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.
4. 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 enterprise
o The successor had to come from his slums
o He had no family
o Thus, the BOY would have to be his successor!
5. 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 business
o That shouldn't be TOO HARD, should it?
6. Another problem, sire?
• Actually, YES:
o The boy wanted to collect and sell papers
Just like his father
o One problem with that also:
Sales of paper collection was weak
• Guess the boy better become a fish seller, huh?
7. 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 skyrocketed
o He was able to expand the business
8. The boy's first IPO
• The fish selling house was moved three times
o First to a small warehouse
o Then to a garage
o Finally to the basement of a skyscraper.
• At this point, the boy decided to go public
o He launched an IPO
o 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 grand
o In Ayyuthian currency, of course
o Enough to expand into another trade
9. The Boy, now a Man
• The man moves out of the slums
o and into an apartment
o where he meets a banker
• The banker invests
o in real estate
o and the man is interested
• The banker offers to teach the man
o how to invest in real estate
o the man takes up the offer
10. The man masters real estate
• And quickly begins buying lots of properties
• He also sells the properties,
o for a large profit
o 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 fails
o and his neighbors are indebted to him
further perpetuating their poverty trap
they HATE him for this
11. The man realizes his mistake
• And offers to teach his old neighbors
o his trade
• The man gets his neighbors some cash
o Basically, MICROCREDIT
which they MUST pay back
after three trimesters
• They go out and purchase slums land
o Which they develop
and sell
for a huge profit
• They pay off their debt
• And love the man again
12. 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 on
o and moves into a house
• His fish selling business
o moves into the shopping center
• The banker opens a branch
o of his bank
in the shopping center
13. 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 capital
o he must return to the slums
which, BTW, doesn't exist anymore
due to the typhoon
14. 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
15. The man reinvests in real estate
• And makes enough to resume MICROBANKING
• Pulls his friends out of poverty
o they leave the slums
o 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
16. Then, a Credit Crunch!
• The financial crisis wipes out
o 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
17. 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
18. 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...