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”
Fear and doubt are brothers from the same root. They are born together from the root of trust and gnaw away at peace and audacity . Fear is the outward emotional expression of doubt, and it is the fuel that energizes doubts to grow. Doubt feeds on your fear and helps keep it from being set aside. In other words, between doubt and fear, the counterweight of ego serves as the center of gravity. If pride weighs down doubts, it blames others; if it weighs down fears, it finds justifiable reasons and surrenders will. A state in which pride is precisely balanced between doubt and fear is called conflict. So, although conflict intentionally seems to be polite to others, emotionally, it constantly forces them to engage in self-defense against regret in advance. - Joseph’s “just my thoughts”