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”
Problem-solving, often referred to as the Great Revolution, starts with seemingly trivial questions. The foundation of all ideas lies in inquiries, particularly those we might overlook. People question out of curiosity and, at times, skepticism. Stating that the answer is readily available suggests that the hint toward a solution stems from a simple question. Inquisition illuminates human intellect. - Joseph’s “just my thoughts”