Investing capital in people
. . . Kita punya anak kita punya suka, orang apa peduli bodoh atau pandai, tetapi jikalau hendak beri gaji pada kita, bolehlah anak-anak kita pergi sekolah . . . Report of a visiting teacher 1 3 June 1883, Selangor Secretariat File 892/83 Those of you reading this book all have one marketable asset in common, a knowledge of the English language. If you are earning a living this asset probably adds at least $300 a year to your income. Most of you did not acquire this source of income in the ordinary process of growing up. It was the result of an investment by your father and probably a larger investment by the Government. You probably have other assets of this kind too, built up by an investment in your hands or brain. Sultan Abu Bakar’s father evidently made a prudent choice by investing in his son’s English education, whereas Sultan Ali clearly miscalculated in charting the educational pat...