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”
Virus intelligence has a level of intelligence that cannot be considered life but poses a threat to humans. Only one factor accounts for this: the “self-replication ability.” Creating a company entails a self-replicating mechanism to replace the founder or president. Even individuals with exceptional skills can amass moderate wealth, but they cannot achieve great wealth without recognizing the importance of self-replicating ability. Self-replicating ability is not merely a matter of intelligence and skill; it is about replication—specifically, the survival instinct.
- Joseph’s “just my thoughts”
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