Credit Rating and Required Rate of Return: Suppose you and Warren Buffett borrow money from a bank. The bank will assess your credit ratings differently. Maybe the bank could offer Warren Buffett a loan without interest since it can be advertised as a bank used by the renowned investor. However, it will likely charge you interest because you have a lower credit rating and less fame than Warren Buffett. The interest rate each borrower faces, based on their creditworthiness, is called the required rate of return for creditors. Under the same conditions, the cost of poverty is much higher for the poor than for the rich. Poverty inherently involves costs. - Joseph’s “just my thoughts”
Some leaders find relief only when they dominate the mind, while others serve as limbs. They seek to facilitate threats and collaboration with others to bolster their sense of security. Some of them resort to “gaslighting,” manipulating circumstances to create doubt and maintain control. They view their micromanagement as a notable strength, caring for even the most minor details. Working alongside such a person can reduce even the most capable individuals to feeling foolish and diminish their self-esteem. Unbeknownst to them, those around them are suffocating. The desire to conform is often mistaken for loyalty. - Joseph’s “just my thoughts”