As I grew up, I had slowly started to get the gist of this line. Years later, I had asked a school friend about the barber who was not around anymore.
I was told that the barber had gone out of business because he had given up the idea of, “For Credit, Come Tomorrow.” I had then asked myself the question, “What if the principal business of an enterprise is not to give haircuts to people but to extend credit out of other people’s money?” Once I joined the Bank of Mauritius as an economist in the mid-1970s, I got a very wide angle view and a fullscale appreciation of the importance of capital for any enterprise, more specifically for financial institutions.