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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Once upon a time, in a Canadian town, a man appeared and announced to the town folks<\/span><\/span> that he would buy beavers for $10 each.\u00a0 The Canucks seeing that there were many beavers around, went out to the nearby ponds and forest, and started trapping them. The man bought thousands at $10 and as supply started to diminish, the folks stopped their effort. <\/span><\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 He further announced that he would now buy the beavers at $20. This renewed the efforts of the folk and they started trapping the animals again.\u00a0 Soon the supply diminished even further and people went back to their farms. <\/span><\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The man’s offer then increased to $25 each and the supply of beavers became so little that it was an effort to even see a beaver, let alone trap it! <\/span><\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The man now announced that he would buy beavers at $50! However, since he had to go to his Bay Street office on some business, his assistant would now buy on his behalf. <\/span><\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 In the absence of the man, the assistant told the town folks, “Look at all these beavers in the big cage that the man has collected. I will sell them to you at $35 and, when the man returns from the city, you can sell them to him for $50 each.” <\/span><\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The folks excitedly gathered together all their savings and bought all the beavers. <\/span><\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Days and weeks passed. And it came to be that the town folks never again saw the man nor his assistant – only beavers everywhere! <\/span><\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Now you have a better understanding of how stock brokers work.<\/em><\/span><\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 THE BAY STREET MORAL: \u00a0 If you plan on trading, expect to be pelted.\u00a0<\/strong><\/em><\/p>\n \n","protected":false},"excerpt":{"rendered":" \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Once upon a time, in a Canadian town, a man appeared and announced to the town folks that he would buy beavers for $10 each.\u00a0 The Canucks seeing that there were many beavers around, went out to the nearby ponds and forest, and started trapping them. The man bought thousands at $10 and as…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[46],"_links":{"self":[{"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/posts\/4564"}],"collection":[{"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4564"}],"version-history":[{"count":3,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/posts\/4564\/revisions"}],"predecessor-version":[{"id":4573,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=\/wp\/v2\/posts\/4564\/revisions\/4573"}],"wp:attachment":[{"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bygeorgejournal.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}