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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 #0380

Don’t give advice recklessly. Only offer it to those who can truly listen. When someone who hears advice chooses to ignore it, it signifies that they are dismissing the adviser and will rely only on their own judgment. While behavior remains unchanged, asserting that they can understand the advice also reflects an attitude that undermines the adviser’s personality. The lack of behavioral change indicates that the person did not grasp the advice. Advice holds greater power for the listener than for the adviser.


- Joseph’s “just my thoughts”




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