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”
In Japanese cuisine, sushi omakase is an approach where patrons rely on the chef’s curated menu and follow the sequence of courses without making personal selections. Since diners don’t choose their dishes, the chef must ensure that the flavors and quality of the ingredients are top-notch. A failure to meet diners’ expectations can spoil the experience of a wonderful meal. This process hinges on the chef’s confidence and the patrons’ trust. While the chef’s skills are crucial, they must also consider the diners’ eating habits, including their pace and frequency of intake, to create a pleasurable dining experience. Ultimately, successful commerce rests on mutual satisfaction, but it can only thrive if the recipients are truly content.
- Joseph’s “just my thoughts”
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