Once upon a time, a man named Marcus appeared in a village and announced to the peasants that he would buy blue parrots for seven dollars each.
The peasants, knowing there were many parrots, they went to the jungle and started catching parrots. Marcus bought thousands at seven dollars each and, as supply started to diminish, the peasants stopped their effort.
Marcus announced that he would buy parrots at twenty dollars each. This renewed the peasants efforts and they started catching parrots again.
Soon, the supply diminished and people started going back to their farms. The offer increased to twenty seven each and the supply of parrots became so scarce it was an effort to even find a parrot, let alone catch it!
Marcus now announced that he would buy parrots at sixty dollars each! However, since he had to go to the big city on some business, his assistant would buy on his behalf.
The assistant told the peasants, “Look at all these parrots in the big cage that my employer has already collected. I will sell them to you at thirty five bucks and when my employer returns, you can sell them to him for sixty bucks.”
The peasants rounded up all their savings and bought all the parrots for five hundred thousands dollars.
Peasants never saw Marcus or his assistant again, only lots and lots of parrots!
That’s the working principal of the Wall Street wolves.
That’s a very good example…