Billy went to Texas and purchased from a farmer a donkey, for the price of $100.
The farmer agreed to deliver the donkey the next day.
The next day the farmer told Billy "Sorry, but I have bad news, the donkey died".
Billy replied: "No problem, give back my money".
The farmer said: "I can't return your money, because I have spent it already".
Billy said: "OK, then give me the dead donkey".
The farmer asked: "what are you going to do with the dead donkey?"
Billy replied: "I will hold a lottery".
The farmer said with a touch of irony: "There is no way you will be able to successfully pull off a lottery for a dead donkey".
Billy replied: "Of course I can. I simply won't tell anyone that the donkey is dead".
A month later the farmer ran into Billy and asked him: "What happened with the dead donkey?"
Billy replied: "I held the lottery for the donkey and sold 500 tickets at $2 each and I made a profit of $998".
The farmer asked "Nobody complained?"
Billy said: "Only the guy that won the (dead) donkey complained, so I returned his $2 so he would stop complaining".
Billy is now working for Goldman Sachs.
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