The teller answers, "Your money will be gone. But it will be worth it."
I lol'd.
Topic: "If you wish to prosper, let your customer prosper." (Read 866 times)
I lol'd.
Sort of on topic:
A guy goes into Bank of America to open an account. He asks the teller, "What happens to my money if your bank gets robbed?"
The teller answers, "We're covered by the full faith and credit of the US government and the Federal Reserve. Your money is safe."
The customer asks, "What happens to my money if the Bank of America fails?"
The teller answers, "You're still covered by the full faith and credit of the US government and the Federal Reserve. Your money is safe."
The customer asks, "What if the government and the Federal Reserve fail? What happens to my money?"
The teller answers, "Your money will be gone. But it will be worth it."
A guy goes into Bank of America to open an account. He asks the teller, "What happens to my money if your bank gets robbed?"
The teller answers, "We're covered by the full faith and credit of the US government and the Federal Reserve. Your money is safe."
The customer asks, "What happens to my money if the Bank of America fails?"
The teller answers, "You're still covered by the full faith and credit of the US government and the Federal Reserve. Your money is safe."
The customer asks, "What if the government and the Federal Reserve fail? What happens to my money?"
The teller answers, "Your money will be gone. But it will be worth it."
If you wish to prosper, let your customer prosper
Doing this will have them coming back to give you even more money. Of course, this psychology is exactly why Ponzi schemes can work.
Along the same lines:
“Every individual...generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.”
and
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”
--Adam Smith
“Every individual...generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.”
and
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”
--Adam Smith
"If you wish to prosper, let your customer prosper. This is a lesson which we have been very long in learning. When it is thoroughly learnt, each man will seek his own
interest in the general good; and then jealousies between man and man, town and town, province and province, nation and nation, will no longer trouble the world."
-Frederic Bastiat
Economic Sophisms
orig. 1840's
interest in the general good; and then jealousies between man and man, town and town, province and province, nation and nation, will no longer trouble the world."
-Frederic Bastiat
Economic Sophisms
orig. 1840's
Jump to: