Monday, 11 January 2016

Proper Education



Some time back, I happened to read the story of a Japanese train station which operates just for one passenger and that a girl student. The Kami-Shirtaki train station in Hokkaido Island is the station referred here. Due to insufficient passengers, authorities had virtually decided to abandon this station. It was then that they noticed that there is a girl whose only conveyance is this train. Not only they dropped the idea of abandoning the station but also rescheduled the timings of the train according to this student’s convenience. Is education that important? Certainly, it is.
There is a popular American Story. In 1923, nine of the wealthiest people in the world met in Chicago’s Edge Water Beach Hotel. They included the president of the largest gas company (Howard Hubson), the president of the largest steel company (Bethlehem Corporation - Charles M Schwab), president of one of the greatest commodity traders (Wheat speculator - Arthur Cutten), President of the New York Stock Exchange (Richard Whitney), a member of the President’s Cabinet (Albert Fall), the greatest bear on Wall Street (Jesse Livermore), the head of the World’s greatest monopoly (Ivar Kruegar), the President of the International Bank of settlements (Leon Fraser) and  the president of the greatest Utility company (Samuel Insull).
25 years later, Howard Hubson went insane, Charles M Schwab died Bankrupt, Arthur Cutten died insolvent, Richard Whitney was imprisoned, Albert Fall was released from jail just to die in peace, Jesse Livermore committed suicide, so did Ivar Kruegger and Leon Fraser. The remaining Samuel Insull died penniless. What could have been the missing factor, which led to their falls? Might be proper education, I guess.

Joseph Mattappally

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