A journalist friend of mine and I were talking about a damming article on Bansko, Bulgaria in the Mail on Sunday last week. She said the essence of the article reminded her of a poem quite popular with economists and students at Yale University – as I never had the privilege of a Yale University education and I am as far away from being an economist than anyone can get, I confessed that I had not heard of this poem before.
Well here it is, by Shel Silverstein, called Smart.
My dad gave me one dollar bill
‘Cause I’m his smartest son,
And I swapped it for two shiny quarters
‘Cause two is more than one!
And then i took the quarters
And traded them to Lou
For three dimes-i guess he don’t know
that three is more than two!
Just them, along came old blind Bates
And just ’cause he can’t see
He gave me four nickels for my three dimes,
And four is more than three!
And i took the nickels to Hiram Coombs
Down at the seed-feed store,
and the fool gave me five pennies for them,
And five is more than four!
And then i went and showed my dad,
and he go red in the cheeks
And closed his eyes and shook his head-
Too proud of me to speak!
Well as a journalist, your friend will know not to believe all you read in the papers – there has been a lot of chat about this on the Bansko forums, and just like Spain, the ‘flippers’ have had their fingers burnt… the long-term investors will no doubt do alright. Most of the comments on the forum dismiss the article as scaremongering. The property market is not great anywhere, but I don’t think any country is helped by the press sticking its nose in, finding fault & scaring off potential investors where problems don’t necessarily exist for the majority. I love the poem though!!!
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