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The parable of the hot dog salesman and his son

The parable of the hot dog salesman and his son

January 24, 2009

I want to leave you this month with one of my favorite parables ...

There once was an old hot dog salesman on Wall Street. Nothing stopped him from showing up on his street corner. Neither rain, nor scorching sun, nor bitterly cold snowfalls would stop him from selling his hot dogs from sun-up to sundown.

He even worked weekends selling to tourists.

He saved all the money he made and helped put his son through collage and got an MBA.

One day his son showed up and said he was doing everything wrong. His business methods were out of date. 'In addition, unemployment rates were going up, commodity prices were rising and the economy was in the worst recession the son had ever seen.

'Oh my' said the old man. 'What should I do?'

'Cut inventories immediately, stop giving away free mustard