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Common Sense
This is my first post on the blog, I did not know what to write, I was confused. But this confusion was cleared by a funny rather shocking incident that I came across this morning. One of my ex studentwho is now Sales Manager with one of the top Financial Services Provider, had come to meet me. He told me lots of different lucarative Schemes wherein I can invest my money, but as a typical middle class I did not have money to invest, that reminded me of my Colleague who had asked me to advise some good investment options and I sent this poor fellow (you will get know why did I call him poor later)to her. He explained her everything about return on Investment, bonus given by the company in the past, performance of that particular mutual fund in the past. This lady also listen to everything carefully. Looking at conversation, I felt very happy as a Marketing faculty I thought I somewhere helped my student to become good marketer becuase I know convincing this lady was a daunting task and he had managed to do it very well. After some time I heard my colleage asking that fellow some questions and he was answering those questions clamly, but I observed one thing that he is repeating same thing again and again. I went to see what was going on. This boy was telling her that even she considers 20% treturn per yearshe will get 100 % return on her investment at the end of 5 year. I felt it was quite clearand simple to understand and asked him what was the confusion. After talking to both of them, I got to know that my colleague did not understand what is meaning of 100% returns. She thought she is going to same amount what she is going to invest today back after 5 years and on the top of that she was happy about it. On the contrary his fellow was explaining to her how she was wrong and should not consider what she is considering is not a good investment and you get nothing that wayI hope you must have understood why did I call the boy a poor fellow. This was simple common sense which is uncommon. That cleared one more illusion of mine that this boy was not a great sales person instead a bad one as he kept explaining the fool a full proof investment option.
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