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Fabulous Anecdote

I think this incident is going into my anecdote armoire.

The following is a very important guy (lets call him X) from an important investment bank (lets call it Y) trying to convince us that Banking is the one and only career we should consider. He was telling us about how a career in banking could be very lucrative. Why you ask? Well here is what he says

“My father-in-law runs a cloth mill. He has access to the best linen at the cheapest price. A guy who has a steel factory has access to the best steel at the cheapest cost with the minimum effort. A guy who has a car showroom has access to the best cars at the cheapest cost with the smallest effort.

It is the rule that whatever industry you are in, you have the best information about the products of that industry. Now, what are the main products of the financial sector?”

Getting the drift of his argument, most of us reply “Money”. Getting out his “Voila, I-told-you-so” look he says,

“That is why we make the most money. We have access to money at the cheapest cost with the smallest effort. And going by that logic, …” and here is the killer line “… if you are a consultant you have access to the cheapest and easiest advice!”

Very funny indeed. I wonder if he repeats it often. I know I will!

September 29th, 2008 / 5 Comments / Tags: ppt, placement, summers / Trackback

Comments on “Fabulous Anecdote”

  1. That sounds like Amit Bordia of Douche Bank.

    Arnav on September 29th, 2008 at 4:25 pm
  2. That is totally him.

    Abhi on October 1st, 2008 at 2:35 pm
  3. easy guess tha :)
    I am sure people would have appreciated his excellent oratorical skills a bit more of he tried to sell more than just money money money.
    You make maxx money when U actually like doing what gets u the money in the first place.

    Hackie Chan on October 27th, 2008 at 5:27 pm
  4. Amit Bordia is a wanker.

    And consider this. The chief product of a bank (investment or otherwise) is not money but risk. So applying this logic, you get the most risk at the lowest price.

    Aadisht on November 13th, 2008 at 5:47 pm
  5. Honourable Aadisht,
    The chief product of a bank is risk in the same way as the chief product of an exterminator is rats (ie, not at all). I can assume the risk that a Mexican fruit picker making $14k will not be able to pay for a $300k house by myself very easily (assuming I have $300k). The point of the bank is to reduce (haha!) this risk.

    Kunal on November 24th, 2008 at 3:16 am