ADVICE FOR INVESTMENT BANKERS

I thought all you investment bankers out there might appreciate the following story:-

WORKING TOWARDS WHAT YOU ALREADY HAVE

The investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the boat were several large yellow fin tuna. The banker complimented the Mexican on the quality of his fish and asked how long it took to catch them. The Mexican replied “only a little while”. The banker then asked, “why didn’t you stay out longer and catch more fish?” The Mexican said, “with this I have more than enough to support my family’s needs.” The banker then asked, “but what do you do with the rest of your time?” The Mexican fisherman said, “I sleep late, fish a little, play with my children, take a siesta with my wife, stroll into the village each evening where I sip wine and play guitar with my amigos, I have a full and busy life”.

The banker scoffed, “I am a Harvard MBA and I could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat you could buy several boats. Eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening you own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then Los Angeles and eventually New York where you will run your ever-expanding enterprise”. The Mexican fisherman asked, “But how long will this all take?” To which the banker replied about 15 to 20 years”. “But what then?” asked the Mexican. The banker laughed and said that’s the best part. “When the time is right you would announce an IPO and sell you company stock to the public and become very rich, you would make millions”. “Millions?” … then what?” The banker said, “then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take a siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”

Author unknown.