indian institute of management ahmedabad

Once an engineer was driving in a ranch and killed a calf that was crossing the road. The driver went to the owner of the calf and explained what had happened. He then asked what the animal was worth.

“Oh, about $200 today,” said the redneck. “But in six years it would have been worth $900. So $900 is what I’m out.”

Engineer sat down and wrote out a check and handed it to the redneck.

“Here,” he said, “is the check for $900. It’s postdated six years from now.”