I know someone who says …
If we make a promise we should keep it even to our own disadvantage.
I have a friend who believes this. He sold his house but there was a long delay in purchasing the house he had arranged to buy, in the meantime house prices went up considerably and he found that he would have to pay much more for the house. He could have easily re-sold his own house at a higher price but because he’d given his word he decided to suffer the loss in favour of keeping his word and proceeded with the sale of his own house at the same price as originally agreed.
Some years ago in my stockbroking days I was impressed by the Stock Exchange motto “Dictum Meum Pactum” meaning my word is my bond. In fact in those days the whole operation operated on that basis. At one point part of my role was to confirm with representatives of other firms the trading deals that had been done the previous day by word. When there was a dispute it was sorted out in the same gentlemanly way.
I am sure many would say my friend with the house was foolish and the system of operating on word only is outdated. On the other hand, I and many others find the idea of being able to trust what somebody says because they say what they mean and mean what they say as being very attractive.
Is it possible to operate in this way in this present day?
I know someone who can help us achieve that, but of course it comes with a price …