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”
What in this world isn’t influenced by politics? Politics shapes art and media alike. It involves governing the world and making decisions that determine the future. Art is a product of that influence. Works of art, media messages , and knowledge recorded in books reflect the spirit of the times and offer clues about what’s ahead. Investing is a risky venture in an uncertain future. Therefore, the ability to appreciate artworks and interpret media messages is a vital skill for professionals in investment . Someone who ignores the arts, the progress of knowledge, and the flow of media messages is unlikely to make wise investments. Loving art purely to gain wealth isn’t ideal, but having a passion for art can help you recognize opportunities for wealth more quickly and sensitively than others, making a life close to art a truly fortunate one. - Joseph’s “just my thoughts”