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”
Weakness is merely another expression of strength and represents a phenomenon where the same attribute manifests in different forms. In other words, the concept of “ weak or strong ” resembles both ends of a seesaw ; when one side goes down, the other always rises. When an issue arises in one muscle of the body, the surrounding muscles take over that role, or several muscles work together to compensate for the weakness. Rather than focusing solely on the end of the seesaw that has dropped, one should also acknowledge the opposing side that has risen as a result. Weaknesses and strengths are states of being, not conclusions or outcomes. The same applies to successes and failures . - Joseph’s “just my thoughts”