Recently, an article about the interview with Warren Buffett caught my attention and his comment about transaction charges particularly left an impression.
The logic is simple. Transaction based Companies are in the business to of making revenue by the number of transactions made. Similar to insurance sales, the prestigious Million Dollar Round Table (MDRT) is based on the number of new business sales brought in. Similar also to property agents whose main revenue is made by transactions closed and gets nothing if no deal is made. Hence, how can their emphasis be on getting the ...
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