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”
Longing: A lonely heart can be filled by someone, but a longing heart is a heart that cannot be filled by ‘the particular person.’ When the mind feels strange, it is important to first determine whether the feeling stems from a lack of self-generated needs or from not being filled by the object of longing. Loneliness can progress easily, but longing carries a high risk of self-destruction if not handled carefully. - Joseph’s “just my thoughts”