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The Kathá Sarit Ságara; or, Ocean of the Streams of Story

Story of the foolish merchant who made aloes-wood into charcoal.1

Project Gutenberg EPUB3 edition Somadeva Bhatta, active 11th century and Tawney, C. H. (Charles Henry)
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A certain rich merchant had a blockhead of a son. He, once on a time, went to the island of Kaṭáha to trade, and among his wares there was a great quantity of fragrant aloes-wood. And after he had sold the rest of his wares, he could not find any one to take the aloes-wood off his hands, for the people who live there are not acquainted with that article of commerce. Then, seeing people buying charcoal from the woodmen, the fool burnt his stock of aloes-wood and reduced it to charcoal. Then he sold it for the price which charcoal usually fetched, and returning home, boasted of his cleverness, and became a laughing-stock to everybody.
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“I have told you of the man who burnt aloes-wood, now hear the tale of the cultivator of sesame.”

Source attribution

The Kathá Sarit Ságara; or, Ocean of the Streams of Story, Project Gutenberg eBook #40588

Chapter LXI. Story of the man who sowed roasted seed.2