He picked up the telephone on his desk. “Bring in the Cord…
““He picked up the telephone on his desk. “Bring in the Cord loan agreement and the check.” “You will note,” he said, “that although the loan is for three hundred thousand dollars, we have extended your credit under this agreement to a maximum of five hundred thousand dollars.” He smiled at me. “One of my principles of banking, Mr. Cord. I don’t believe in budgeting my clients too closely. Sometimes a few dollars more make the difference between success and failure.” Suddenly””
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
A banker explains a flexible credit policy, emphasizing that modest extra funds can determine success or failure.
In simple terms: Small financial leeway matters.
Key Takeaway
Leverage modest credit.
Themes
finance
risk management
flexibility
Mood
analytical
pragmatic
Type
literary
business
When to use this quote
- business loans
- personal finance
- investment decisions
- entrepreneurship
Key Concepts
credit policy
client success
budgeting
Questions to Reflect On
- When is extra credit justified?
- How to balance risk and opportunity?
A Different Perspective
May encourage lax budgeting.