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Just my thoughts #0571

A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”
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Just my thoughts #0223

A part-time worker at a fast-food chain put in a lot of effort. The worker’s dedication impressed the boss, leading to the firing of other part-timers and an increase in trust placed in this worker. As a result, the worker ended up with significantly more responsibilities while keeping the same salary. I reiterate that structure is more important than mere effort.


- Joseph’s “just my thoughts”




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