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Industry : Investment BankingFunctional Area : Success Stories(Entrepreneurship)
Activity:  27 views;  last activity : 01 18 2011 04:44:00 +0000

I have read an artcile "which is better" posted by Mr. Satish Kumar.. It is a sequel to his article. I just thought of sharing a humurous but practical story.

 
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1 Experience or Inexperience..which is better

Experience or Inexperience..which is better

idea posted by Suryanarayan Murthy Asst Vice President (Corporate Finance), A Hydro Power Project

One day, an unemployed son approached his father and asked for a short term, interest free loan of Rs.10,000/- with a promise that it will be returned day-after-tomorrow.

The father wanted to know the reason and son replied "I am tired of asking you money whenever I need it. So I want to do some new business and earn Rs.1000/- to meet my requirements." 

Worried, the father enquired into the nature of business and how his son will be able to make Rs.1000/- on an investment of Rs.10,000/- in two days flat.

His son refused to provide further details except that it will be repaid day after tomorrow. They discussed in detail for some more time with no fruitful results.

Finally the father went into his room and returned with Rs.1000/- and gave it to his son. His son was shocked and asked "Dad, I asked you for Rs.10,000/- and you gave me only Rs.1000/- !!"

The father replied coolly, "Beta, you earned your Rs.1000/- and I saved my Rs.9000/-

Which is better.. Thank you Mr. Satish for making me a story writer...

 

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by s.baalu , Consultant, XYZ LTD  | 01 18 2011 11:59:00 +0000

very good story.

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Business or arguments withiut logic justification is useless.

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after all fathers are fathers and its not that easy to have your own way out when you cannot justify your wants.

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