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”
Creativity stems from actions rather than from emotions or ideas. The willingness to take steps that others avoid is the foundation of innovation. Essentially, genuinely creative individuals act on their curiosities. While everyone has ideas, they are ineffective without action.
- Joseph’s “just my thoughts”
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