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”
A smart guy? Oh, I'm not. A brilliant guy knows himself/herself well. Knowing what to want and what not to want, what to like and what not to like, what to know and what not to know, what you have to do and what you should not do, is knowing myself. But I don't know much about myself. - Joseph’s “just my thoughts”