Many people in our society invest in bonds. Perhaps you, reading this article, have invested in bonds at least once and are still investing now. Bank deposits are a form of bonds, just not labeled as ‘bonds.’ When you deposit your money in a bank, the money isn’t considered bank money. Interest is paid because the money isn’t withdrawn immediately. When you withdraw your deposited money, the bank must return the principal plus interest. This is essentially a bond. However, the only reason this differs from bonds as an investment asset is that these bank deposits are not traded on the market. If bank deposits were traded publicly, the interest rate would be evaluated in comparison with other deposits, even if the principal remains unchanged. Valuation reflects opportunity cost. This is the transaction value of bonds. When goods or assets are traded in the market, their value is re-evaluated. The core of value is comparison, and the tool for valuation is opportunity cost. That’s why CEOs...
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”