Home

Transaction 交易

A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets. But in business bookkeeping, this plain definition can get complicated. A transaction will be recorded earlier or later depending on whether the company uses accrual accounting rather than cash accounting. The accrual account...

Read more

Principles for Success 成功的原理(1-4)

by Ray Dalio The Call to Adventure Before we begin, let me just establish the fact that I don’t know much relative to what I need to know. Whatever success I’ve had in life has more to do with my knowing how to deal with my not knowing than anything I know. That I should be telling other people what to do sounds kind of presumptuous to me. Bu...

Read more

Principles for Success 成功的原理(5-8)

by Ray Dalio Everything is a Machine Sometimes things happen that are hard to understand. Life often feels so difficult and complicated. It’s too much to take in all at once. My deep pain led me to reflect deeply on my circumstances. It also led me to reflect on nature, because it provides a guide for what’s true. So I thought a lot about how...

Read more

Presidential Election 总统选举

In the U.S., no one is required by law to vote in any local, state, or presidential election. According to the U.S. Constitution, voting is a right and a privilege. Many constitutional amendments have been ratified since the first election. However, none of them made voting mandatory for U.S. citizens. The election process begins with primary e...

Read more

Breaking Bad 超越罪恶

Breaking Bad is an American television drama series created and produced by Vince Gilligan. The series was broadcast in the United States and Canada on the cable network AMC. It premiered on January 20, 2008. The series aired a total of 62 episodes, ending on September 29, 2013. Set in Albuquerque, New Mexico, Breaking Bad revolves around Walte...

Read more

Credit & Debt 信贷

Credit (from Latin credit, “(he/she/it) believes”) is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In o...

Read more

B-747 Pilot 驾驶波音747

The Boeing 747-400 is a wide-body airliner produced by Boeing Commercial Airplanes, an advanced variant of the initial Boeing 747. The “Advanced Series 300” was announced at the September 1984 Farnborough Airshow, targeting a 10% cost reduction with more efficient engines and 1,000 nmi (1,850 km) more range. Northwest Airlines (NWA) became the f...

Read more

What is Money 钱是什么

The Economics Glossary defines money as follows: Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential properties that follow from the third. In fact, other goods are o...

Read more