Debt : The essence of wealth is ‘debt.’ Liabilities are regarded as debt capital and included as assets in accounting . Isn’t it odd? Debt is classified as an asset... The fundamental idea that currency is created based on the principle that debt arises is crucial. Debt can serve a positive purpose by lowering opportunity costs , but it can also be harmful if not repaid, as it deprives others of their opportunity costs since it must be paid back. Managing debt properly is essential for a company's capabilities in certain situations. Understanding others’ debts can help maintain good credit. However, there are limits to examining others’ debts. Instead, we can monitor the flow of money as an apparent interest rate. Therefore, recognizing and responding to interest rate fluctuations during economic activities is extremely important. - Joseph’s “just my thoughts”
Initially, humans could not draw as they perceived. It was only after the discovery of perspective that they could accurately draw what they saw. Perspective was first applied to performance stages in Greece during the 5th century BC, and it was not until the 15th century that the Italian architect Brunelleschi succeeded in expressing a three-dimensional perspective on a two-dimensional plane. In the long history of humanity, the period of applying perspective is quite brief. Perspective painting represents a virtual depiction of reality . In other words, the first instance of visualizing something virtual is perspective. People speak as if the metaverse is a significant industry today, but the virtual realization through perspective began long before the digital era. Currently, it’s only visually represented digitally. Understanding the essence of this can help you mitigate risk, even as times and circumstances evolve. - Joseph’s “just my thoughts”