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”
The world is structured so that when individuals can’t fulfill their needs alone, they each contribute their strengths. In essence, professionalism stems from choice, focus, and persistence. Highly talented individuals often face numerous internal barriers while striving to develop these qualities. This is the curse of talent, caused by the wide variety of available choices. When one engages in diverse activities and achieves success, rejection takes precedence over choice. Varied talents serve as the primary fuel for conflict. - Joseph’s “just my thoughts”