The Wise Businessman

The Wise Businessman
May 22, 2013 Yomi Jegede

Before going overseas on business, a rich man drove his rolls-royce to a New York City bank and went in to ask for an immediate loan of $5,000. The loan officer insisted on a guarantee, so the man handed over the keys to his rolls-royce. The loan officer had the car driven into the bank’s underground parking lot for safekeeping, and gave him $5,000. Two weeks later, the man returned to pay his loan and get his car back. “That will be $5,000, and $15.40 in interest,” the loan officer said. The man wrote out a check and started to walk way. “Wait, sir” the loan office said, “why would a rich man like you need to borrow $5,000?” the man smiled, “where else could I park my rolls-royce in New York for two weeks and pay only $15.40?”

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