Thursday, September 11, 2008

One Percent Only?


Two partners graduated with an MBA at an elite university, then opened a store in the city that failed in a month. A third man who had no schooling bought the store from them and made it a huge success.

The two asked him, "We can't understand it. We studied business but failed. You, who never went to school, are a big success. Why?

"I'll tell you," he said "I buy a thing for one dollar and sell it for two dollars. I'm satisfied with my one percent profit."

Preview: Investment Banker On Life blog