How did Damu Anna's friend react to him turning down the business deal, and what was the ultimate outcome for the friend?

Initially, Damu Anna's friend was astonished and highly critical of his decision. Chapter 25 recounts how the friend lamented that Anna had listened to a "Fakir" and needlessly lost a profitable opportunity. He believed that saints, who beg for bread, could not possibly understand business. Acting on this belief, he found other partners to proceed with the speculation. However, the venture was a complete failure, and they suffered a significant financial loss. This disastrous outcome led the friend to regret his words, recognize the power of the "Fakir's staff," and admire Damu Anna's firm faith and wisdom in following Sai's guidance, which had saved him from ruin.