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”
It is often said that blessings are not merely given or received, but discovered. If you fail to recognize the worth of what you already possess, you may overlook its significance, even if it is genuinely offered by someone. Value arises from comparison; yet a person’s sense of worth must originate from within. It is essential to cultivate self-esteem in order to appreciate and take pride in your own possessions, rather than measuring yourself against others. Only then can you establish the right values...
- Joseph’s “just my thoughts”
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