Sunday, July 27, 2008

The Russian Bussinessman

A story is told of a Russian businessman who went to a Swiss bank and applied for a loan of US $ 100, compounded at an interest rate of 10% per annum. He staked his US $ 500, 000 luxury buick lasabre car as collateral. Though the Swiss banker was so puzzled and wondered whether the Russian businessman really needed that little money given his business status, he did not ask him why?

After one year when the Russian businessman came to pay up the loan amount and the interest due (US$ 110). The Swiss banker then asks the Russian businessman whether he really needed that US$ 100.

The Russian answers him with a question –“ Where else in the middle of Geneva would you get parking space for only US$ 10 for 12 months?”

Thinking out of the box, right !!!!!!!!!