belief, trust and finance — Tarik Yildirim

Fundamentals of finance are taught wrongly in schools.

We do not trade future cash flows, we trade beliefs about future cash flows. (See the old blog post misconception of wealth) When beliefs are completely aligned and future cash flows assume an objective quality, it is no longer possible to make a profit and financial interest disappears.
We do not operate in legal frameworks, we operate in trust frameworks. Only when the shit hits the fan does the legal framework surface, and when it does, you are no longer in the domain of finance.