The story of the funding banker and the Mexican fisherman accommodates an vital lesson. It’s brief, enjoyable and effectively value your time to learn.
The Parable of The Mexican Fisherman
An funding banker stood on the pier of a small coastal Mexican village when a small boat with only one fisherman docked. Contained in the small boat had been a number of giant yellowfin tuna. The banker complimented the fisherman on the standard of his fish and requested how lengthy it took to catch them.
The fisherman replied, “Solely a short time.”
The banker then requested why didn’t he keep out longer and catch extra fish?
The fisherman stated he had sufficient to help his household’s rapid wants.
The banker then requested, “However what do you do with the remainder of your time?”
The fisherman stated, “I sleep late, fish a bit, play with my kids, take siestas with my spouse, stroll into the village every night the place I sip wine, and play guitar with my amigos. I’ve a full and busy life.”
The investor scoffed, “I’m an Ivy League MBA and will show you how to. You need to spend extra time fishing and with the proceeds, purchase a much bigger boat. With the proceeds from the larger boat, you would purchase a number of boats, and ultimately you’d have a fleet of fishing boats.
“The investor continued, “And as a substitute of promoting your catch to a intermediary you’d then promote on to the processor, ultimately opening your individual cannery. You’ll management the product, processing, and distribution! You would want to go away this small coastal fishing village and transfer to Mexico Metropolis, then Los Angeles and ultimately New York Metropolis, the place you’ll run your increasing enterprise.”
The fisherman requested, “However how lengthy will this all take?”
To which the banker replied, “Maybe 15 to twenty years.”
“However what then?” requested the fisherman.
The banker laughed and stated, “That’s the perfect half. When the time is true you’d announce an IPO and promote your organization inventory to the general public and turn out to be very wealthy. You’ll make hundreds of thousands!”
“Tens of millions. Okay, then what?” questioned the fisherman.
To which the funding banker replied, “You then would retire. You possibly can transfer to a small coastal fishing village the place you’d sleep late, fish a bit, play along with your children, take siestas along with your spouse, and stroll to the village within the evenings the place you would sip wine and play your guitar along with your amigos.”
