"The Fisherman and the Banker"​

I saw an old friend last week who reminded me of this great story. I hope you enjoy it too.

A banker was at the pier of a small coastal village when a small boat with just one fisherman docked. Inside the boat with the fisherman were several yellow fin tuna. The banker complimented the fisherman and asked how long it took to catch them.

The fisherman replied, "Only a little while."

The banker asked, "Why didn't you stay out longer and catch more fish?"

The fisherman said, "I have more than enough for my family's needs."

The banker replied, "But what do you do with the rest of your time?"

"I sleep late, fish a little, play with my children, take siesta with my wife, stroll into the village each evening and spend time with my family. I have a full and busy life," said the fisherman.

The banker launched, "I can help you. You should spend more time fishing; and buy a bigger boat. With the proceeds from catching more fish you could buy several boats. Eventually you would have a fleet! Instead of selling your catch to a middleman, you could sell directly to the processor, and eventually open up your own cannery. You would control the product, processing and distribution. You would move to the city, where you could take on the world!"

"But what then?" asked the fisherman.

The banker laughed, "That's the best part! When the time is right, you would announce an IPO and sell your company stock to the public. You’d be rich, you would make millions."

"Millions?...Then what?" the fisherman replied.

The banker said, “Then you would retire. You could move to a small fishing village where you would sleep late, fish a little, play with your children, take siesta with your wife, and stroll to the village in the evenings.”

Ben Kizemchuk is a Portfolio Manager & Investment Advisor with Altus Securities Inc offering investment management and planning for high net worth Canadians. Ben focuses on high quality investments, the Growth and Income Portfolios, low risk investing, and reducing tax.