A short course in high finance

[BSClay]

I received the below little story in my email and thought it really rang true. People don't always think before spending large amounts of money.

A college student was buying a textbook on finance for one of his classes and was shocked at the price: $125.

“How much will you pay me when I sell this back to you at the end of the semester?” he asked the manager.

The manager consulted his computer and answered, “We’d pay you $50.”

“That’s crazy!”

“Yeah,” the manager agreed. “I always thought that anyone who buys a $125 book for a finance class and sells it back for $50 should flunk the course.”