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This is a trick cattle breeders used to use:A sold a bull for $30,000 to BB sold a bull for $40,000 to A(thus A only was out $10,000)Similar trades for C, D, E etcAnd when “Ferdinand” was bid up to, say,$60,000 he’d be sold to an outsider for $50,000 and he’d think he got a bargain!
This is a trick cattle breeders used to use:A sold a bull for $30,000 to BB sold a bull for $40,000 to A(thus A only was out $10,000)Similar trades for C, D, E etcAnd when “Ferdinand” was bid up to, say,$60,000 he’d be sold to an outsider for $50,000 and he’d think he got a bargain!