Capital Stories… Ben Franklin

“A Lesson in Time Value”

After browsing around for quite some time, a particularly obstinate patron at Ben Franklin’s book store refused to accept the price offered by a store clerk. Certain that speaking to the owner would obtain him a better price, the man demanded the clerk summon the proprietor. Franklin’s newspaper operation was located in the bookstore’s backroom, and the patron’s summons dragged Franklin from working at the press. Upon Franklin’s arrival the man asked “What is the lowest price you can take for this book, sir?” In an effort to teach the man to value the time of others, Ben Franklin entered the bargaining session. Continue reading “Capital Stories… Ben Franklin”