The document summarizes the story of King Midas, who was very greedy and always wanted money and gold. A wise man granted King Midas his wish to turn everything he touches into gold. However, this led to unintended consequences when his daughter turned to gold after hugging him. King Midas was distraught and asked the wise man to take away the golden touch. The wise man did so, and King Midas learned his lesson about greed.