Week 12 Story: A Tale of Two Merchants
The Silk Merchants by Edwin Lord Weeks, via Wikimedia Commons Two traveling merchants boarded a ferry in a large city with the goods they hoped to sell. The ferry pushed off into the flowing water and headed down the river to a smaller town. During the trip the merchants discussed their views of their profession. The first merchant explained that he values a fair exchange of equally valued goods. The second merchant chuckled and with a patronizing smirk told his colleague that he will never become rich with an approach like that. The second merchant continued his self-righteous speech by explaining that he plans to accumulate wealth by selling his goods for much more than they are worth or trading inexpensive items for much more valuable items. The first merchant was not impressed with the other merchant's philosophy. The first flaw he found with his fellow merchant's plan was that he can only do business with people who do not know what products are worth. Then once...