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”
Geography always outmatches technology. While technology propels human civilization, it is still influenced by geopolitical conditions, climate, and the natural environment that geography shapes. For instance, a typhoon brewing far away might not immediately affect my location, but when it strikes, my home is endangered; likewise, my survival hinges on recognizing significant societal changes and technological innovations. Therefore, the purpose of exploring and learning geography through travel extends beyond mere enjoyment; it is essential for survival.
- Joseph’s “just my thoughts”
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