Business is business

Piccole letture in chiave umoristica e/o filosofica

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Mr Singh walked into a bank in London one day and asked to speak to the loan officer. He told him that he was going to Europe on business for two weeks and that he needed to borrow £5000. The loan officer informed him that the bank would need some kind of security for the loan, so Mr Singh handed over the keys to a new Rolls Royce, which was worth a quarter of a million pounds.
“The car is parked on the street in front of the bank,” said Mr Singh, “and I have all the necessary papers.”
The bank officer agreed to accept the car as collateral for the loan. When Mr Singh left, the loan officer, the bank’s president and all their colleagues enjoyed a good laugh at the man for using a £250,000 Rolls Royce as collateral for a £5,000 loan.
One of the employees drove the Rolls into the bank’s underground garage and parked it there. Two weeks later, Mr Singh returned, repaid the £5,000 and, of course, the interest which came to £15.41.
The loan officer said, “Sir, I must tell you, we’re all a little puzzled. While you were away, we enquired about you and discovered that you’re a multimillionaire. Why did you want to borrow £5,000?”
The man replied, “Where else in London can I park my car for two weeks for only £15.41?”

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4 comments

  1. Mr Singh is, clearly, a very clever and a witty person. His acumen and his parsimony explain why he became a tycoon.

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