Smartness Trumps Education. Here is an Example.

Today I realized that we the one who call ourselves educated and mock the uneducated are actually only educated but NOT SMART. Education just gives you the knowledge but how you apply it is an art which not many have. The uneducated ones who really strive hard use their common sense. If they do not know anything they ask which we educated ones tend to avoid because it makes us look stupid and hurts our ego.

Today I had visited Oriental Bank of Commerce for some work. I saw 2 farmers siting with a senior bank staff member and discussing some issues. I was in the bank for about 30 minutes and I could clearly see that the farmers have been there for a longer time. I though, mocking them, how much more time they are going to waste of the bank employee. The employee who was discussing with them looked like he is used to handling these kinds of people. Just when I was about to finish my work those people got up. One of the farmers was carrying a paper which had detailed description of one of the schemes the bank is running. Both the farmer had satisfied look. As they went pass by I heard them discussing “It is a good thing we came. We got to know how we can save money by opting for this scheme rather than the other bank.” The other replied “Yes it is true but I think let’s just visit one more bank which is just two shops away, maybe we can get a better deal.” The whole conversation was in Hindi but for the convenience I translated it in English.

This made me think that they had personally gone to the branch, got detailed information and still wants to visit more banks to get more information and fine print details.

When we educated ones want to make an informed decision we visit the bank website then discuss with our friends, see the bank rating, see our status and then we go for it. We neglect the fine print which often comes back to bite us in the @$$. When I wanted a credit card I went online, compared a few banks details which were given in bold and then happily selected the card and called the number they had given to apply for the card. The whole thing was processed smoothly and I was happy. Later I found it the hard way the effect of missing the fine prints or my lack of discussion with the bank employee. Not just me I have met several people who, like me, did not read the fine prints and got themselves into a mess. One of my friend following blindly another friend got an insurance cover but later found out he could have saved a lot more and could have got more benefit with another agency then the one he got. Another of my friend took a loan from a private bank. While paying back he had to pay the fix monthly amount. He had a little extra and thought of paying more amount compared to his monthly payment. The bank denied it. I have my car loan from SBI who let you pay more amount and thus it helps in reducing my interest amount. When I told him this he literally tried to choke me saying why I did not say it to him earlier. It was a nice tussle but then he realized his haste made this waste. He though he is getting a preapproved car loan so decided to purchase the car.

These are the effect of our education which provide us with knowledge but does not teach the art of applying it. I could say it is a fault of our Indian education system which makes us to mug up information but do not teach us practicality. But it will just be me trying to push my blame to others. It is my fault to not apply common sense and visit or just call a bank and get the details including fine prints.

My advice to all ‘Please collect as much information as possible before taking a decision’. An informed decision is always better than an impulse one. Precaution is better than cure.


7 thoughts on “Smartness Trumps Education. Here is an Example.

  1. Nice thoughts and good suggestions made in this post.
    Important take aways are 1. research is important 2. Knowing correct source of full information is critical

    However one small caution – While research and comparison is important , need to know that ‘Too much analysis leads to paralysis!’

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