Markets

It’s like this, they take a Mango tree, they auction it, each branch at a time, and the branch with highest number of mangoes sells first for highest price. In the next season, the buyers get to sell their branches on their own and the tree of scenarios is:

Everyone buys the branches with the highest mangoes last season expecting the same to repeat. Making the prices for them rising.

Some buy branches with fewer mangos last season at cheap rates expecting that it is the turn of these branches to shine now.

Some don’t buy thinking that mangoes don’t matter.

Well, it is a bit more complicated than that, like, say the tress have pests..

What actually happens is all the branches have mangoes, more or less, randomly, or not randomly but with too many factors to take a call. And people draw patterns after a couple of seasons like in races or news channels.

In the end, the persons conducting these auctions live guilty lives in costly cars knowing that they cheated many mango lovers. Some mango lovers live happy lives in costly cars knowing that they’ve been lucky. Rest of the mango lovers turn to haters and advocate that mangoes are unhealthy. There will always be newbies aspiring to be the lucky-happy ones. And everyone has taken a bite of the mango at some point in life.

And then there is the farmer.

(Inspired from a professor who tries to simplify the world of Forex derivatives with mangoes. I have lesser ambitions)