Mike Hofer - Investing (Part 1 of 3)
Other - Lessons and Learnings
Money is important, but it’s not the only thing as written in The Parable of the Mexican Fisherman and the Investment Banker. I did not write it and I hope you enjoy it.
Once upon a time, in a small, serene fishing village in Mexico, there lived a fisherman with a simple routine.
Each morning, he set out in his modest boat and sailed into the open sea. By midday, he returned with just enough fish to feed his family and sell a few to his neighbors. With his needs met, he spent his afternoons relaxing, enjoying meals with his family, and chatting with friends. In the evenings, he played guitar and watched the sunset, satisfied with his day’s work and content with life.
One day, a wealthy businessman from a bustling city visited the village. He watched the fisherman as he brought in his catch and noticed how relaxed and carefree he seemed. Curious, the businessman approached him and asked, “Why do you only catch a few fish each day? If you stayed out longer, you could catch more fish and earn more money.”
The fisherman listened politely and asked, “And what would I do with more money?”
The businessman, eager to share his perspective, replied, “With more money, you could buy a bigger boat and catch even more fish. With the profits, you could eventually buy a fleet of boats and hire others to fish for you. Soon, you could build a large fishing business. You could process and export fish to other countries.”
The fisherman thought about it and asked, “And after that?”
The businessman, smiling, continued, “Then you could expand your business further, open an office in the city, and manage it from there. Eventually, you could retire with a fortune and live peacefully without any worries.”
The fisherman paused for a moment, then asked, “And how long would all of this take?”
After thinking for a moment, the businessman replied, “Maybe 15 to 20 years.”
The fisherman smiled and asked, “What would I do after retiring?”
The businessman said, “Then you could do anything you want! You could move to a quiet village, spend time with your family, enjoy the sunsets, and fish whenever you please.”
The fisherman chuckled, and looked out over the peaceful sea…
I had several friends and family mention that I should consider archiving my Blog - Lessons and Learnings. Thank you for the suggestion! Therefore, I added Archives to this website. You should see Archives at the top right-hand corner of this page, so now you can my read my earlier Blogs. Also, I want to thank my wife, Amy, who is helping proof-read some of my materials and correct some mistakes on my website. Amy and I make a good team!