A Kings College London Alumni Event. Baffled by mortgage jargon? Confused about pensions? Want to invest? A discussion of all the things that set us apart from our childhood! Good humoured, brutally truthful and truly educational! Proactive Paul provides insights into how the world of finance really works.
It says copyright protected in the footnotes on Slide Share, but the dialogue is in the public domain so go ahead and use it if you like!
11. 11
Venture Capitalism
You have two cows. You sell all
three cows to a Cayman Islands
company. Using a letter of credit
obtained from your brother-in-law
at the bank, you buy back all four
cows with an option on a fifth.
The company Balance Sheet
shows that you have six cows.
13. 13
The American Corporation
You have two cows. You sell one.
You make the other one produce
the milk of four cows. You then
pay a management consultant to
tell you why your cow has died!
23. 23
The Iraqi Corporation
You have no cows. Everybody
thinks you have two cows. So they
drop bombs on you and invade.
You still have no cows, but you
are now a democracy!
25. 25
The Greek Corporation
You have two cows which you
borrowed from a French bank and
a German bank. You eat the
cows. When the banks come to
collect the milk you turn to the IMF
for help. You borrow two more
cows. You eat the two new cows!
When the IMF comes for the milk
you go and get a haircut.