Finance & Humour

Parking Your Rolls-Royce

Before going to Europe on business, a man drove his Rolls Royce to a downtown NY City bank and went in to ask for an immediate loan of $5,000. The loan officer was quite taken a back, and requested collateral. "Well, then, here are the keys to my Rolls-Royce", the man said. The loan officer promptly had the car driven into the bank's underground parking for safekeeping, and gave him $5,000.

Two weeks later, the man walked through the bank's doors, and asked to settle up his loan and get his car back. The loan officer checked the records and told him, "That will be $5,000 in principal, and $15.40 in interest." The man wrote out a check, thanked the loan officer, and started to walk away.

"Wait sir," the loan officer said, "while you were gone, I found out you are a millionaire. Why in the world would you need to borrow? The man smiled. "Where else could I securely park my Rolls-Royce in Manhattan for two weeks and pay only $15.40?"


Market Efficiency & Finance Professor
A finance professor is walking on campus with his Research Assistant

Research Assistant: Professor, I see a $20 bill on the sidewalk. Should I pick it up?

Professor: No, of course not, if it were really there, it would already have been picked up.

Q: What's the difference between a finance major and an economics major?

A: Opportunity Cost

Q: What is the difference between a loan and a man?

A: A loan matures.

Economics is the only field in which two people can get a Nobel Prize for saying exactly the opposite thing.

TOP 10 REASONS TO STUDY ECONOMICS

1. Economists are armed and dangerous: "Watch out for our invisible hands."
2. Economists can supply it on demand.
3. You can talk about money without every having to make any.
4. You get to say "trickle down" with a straight face.
5. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
6. When you are in the unemployment line, at least you will know why you are there.
7. If you rearrange the letters in "ECONOMICS", you get "COMIC NOSE".
8. Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.
9. When you get drunk, you can tell everyone that you are just researching the law of diminishing marginal utility.
10. When you call 1-900-LUV-ECON and get Kandi Keynes, you will have something to talk about.

An economist is a trained professional paid to guess wrong about the economy. An econometrician is a trained professional paid to use computers to guess wrong about the economy.

A true story:
"I heard this from one of my professors. To protect him, no names will be revealed. This professor was about to get married. He went to the jewelers to get a wedding ring for his fiancee. The jeweler told him that he can have the inside of the ring engraved with the name of his fiancee for an additional $20 (remember, this was a LONG time ago). He said, "But that will reduce the resale value!" The jeweler was aghast. He said, "How can you say such a thing. You are a butcher!" "No," replied the professor, "I am an economist"."

Three econometricians went out hunting, and came across a large deer. The first econometrician fired, but missed, by a meter to the left. The second econometrician fired, but also missed, by a meter to the right. The third econometrician didn't fire, but shouted in triumph, "We got it! We got it!