The Secret of the Talmud -- The Jewish Wealth Code

Author: Jiao Yiyang / Country: Mainland China
Publisher:
Publish Date: 2006-07-01
Features: Jewish people have a unique aspect when it comes to making money—they adhere to cashism. They are believers in cashism. Jewish merchants conduct business based on cash standards and are reluctant to extend credit. When evaluating the creditworthiness of a trading partner, they primarily consider how much their company is worth and how much of their assets can be converted into cash. On this basis, they engage in business or determine the value terms. They believe that the world is unpredictable, and in the face of disasters and uncertainties, nothing other than cash can help one recover quickly. The emphasis on cashism among Jewish people may be related to their long history of persecution and exclusion. In many countries, they have suffered multiple waves of discrimination, with each anti-Jewish campaign resulting in the confiscation of their property. Those who managed to escape did so because they had cash on hand. This historical lesson has shaped their concept of cash.
We know that since the fall of the Roman Empire, Jews have been expelled and have lived a nomadic life. Political winds are unpredictable, and the policies of host countries towards Jews have varied entirely based on subjective whims. This precarious existence forced Jews to always be prepared to move at a moment's notice to avoid the fate of being killed or persecuted. The turbulent life and social environment determined that Jewish people's choices regarding property would be different. They typically held cash or converted their money into gold and diamonds, owning very few fixed assets. Because land, buildings, and other fixed assets are not portable, they had to abandon them at a moment's notice if the situation became tense. This was a significant loss for the money-loving Jewish people.
The clever Jewish people would not buy land to build luxurious villas, especially in times of war and chaos. As soon as they sensed the political wind turning unfavorable, they would immediately roll up their assets and flee. The property they could carry with them became their lifeline during their flight. With it, they would not worry about any disasters or misfortunes they might encounter. Thus, cash became their guarantee and reliance, and their preference for cash was unparalleled. In fact, even in today's trade activities, cash remains extremely important. In a rapidly changing market, risks lurk in every transaction. If cashism is ignored, it often leads to losing everything. Therefore, the cashism concept of Jewish merchants is quite reasonable.
The way Jewish people handle cash is particularly evident in their daily lives and business dealings. If you have ever done business with Jewish merchants, you might understand how they evaluate their trading partners. In their minds, they think, "How much cash does that person have with them today?" Even more striking is their evaluation of companies: "How much is that company worth in cash today?" Overall, they are concerned only with cash in their minds; no other form of currency exists for them. They strive to "cashize" everything, using cash to estimate the value of others, i.e., how much it is worth in cash.
This conservative mindset of Jewish people determines that their commodity transactions are often cash-based. Even if the trading partner becomes a billionaire a year later, it is impossible to guarantee that they won't face sudden changes tomorrow. In this colorful and complex world, who can know what tomorrow will bring?