The affluence expected of someone owning these creatures of great stature was monumental.Īccording to the story, the monarch would give the white elephant as a gift of fortune. As such, they were automatically given as gifts to the reigning monarch. These elephants are extremely rare and during ancient times, they were seen as holy. The white elephant icon also has roots in Thailand, formerly known as Siam. It mainly comes from the sacred white elephants belonging to Southeast Asian monarchs in Burma, Laos, and Cambodia. Incidentally, the ‘white elephant’ term derives from Asia. There is a name for this predicament and that is a ‘white elephant.’ While it certainly sounds unusual, when you think about it, it’s no less strange sounding than a black swan.īy properly understanding the term’s origin and looking at real-world examples, this phrase will make much more sense. It’s a burden that could happen to anyone with anything, particularly investments. Sometimes an item’s cost does not correspond with its level of usefulness.
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