The concept of “going concern” in accounting emphasizes that a business must persist into the future to retain its value. This principle signifies that present value already incorporates expectations of future value; thus, a business facing uncertainty about its future will inevitably diminish in present value. It highlights the interconnectedness of present and future values, suggesting that they cannot be regarded in isolation. All stocks traded on the stock market are priced based on their anticipated future value. In essence, we trade on a future that has yet to materialize. Consequently, determining how far into the future to evaluate is a critical factor in making investment decisions. Since individuals have varying skills and perspectives on forecasting the future, selecting an investment strategy must align with one’s attitude toward time. - Joseph’s “just my thoughts”
Although the ratios differ, human success results from many factors such as intelligence, experience, knowledge, attitude, integrity, and luck. Of these, self-development theory emphasizes only a few factors with a powerful influence. As in all cases, the causes of success are different. So when learning success stories, you need to know the pitfalls. It may be like a successful person, but it never becomes the same. References should be made, however, to suit my situation. Therefore, it is important to know your identity.
- Joseph’s “just my thoughts”
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