Skip to main content

Posts

Showing posts with the label smart

Just my thoughts #0571

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”

Just my thoughts #0445

Feeling fear often can lead someone with a strong will to try to compensate for their weaknesses or prevent dangers. However, if that person is also smart, they may easily overcompensate. In worldly affairs, change and wealth arise from taking action, not merely from thought. If people experience a lot of fear and are both strong-willed and intelligent, they are more likely to become poor. This happens because they might believe they can achieve their goals through only thinking instead of taking further action. What these individuals often overlook is the value of time, which money cannot buy. - Joseph’s “just my thoughts”

Just my thoughts #0377

The ‘halo effect’ refers to the error of evaluating a person based solely on one strength. This mistake arises from our human tendency to see only what we want to see and to know only what we wish to know. People often regret choosing a smart but uncommitted individual once they realize they were attracted to that person’s intelligence after bringing them onto the team, ultimately leading to the wrong choice. This is an easy mistake to make, especially when the chosen person’s ability is particularly remarkable. When erroneous human resource decisions occur, businesses can fail. - Joseph’s “just my thoughts”

Just my thoughts #0071

A smart guy? Oh, I'm not. A brilliant guy knows himself/herself well. Knowing what to want and what not to want, what to like and what not to like, what to know and what not to know, what you have to do and what you should not do, is knowing myself. But I don't know much about myself. - Joseph’s “just my thoughts”