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”
The most important thing in product design and development is “imagination.” While others developed laptops to fit the size of the battery, Steve Jobs imagined a laptop that could fit in an envelope. Then he pressured the battery company. If no technology was available in those days, he would wait. He traveled around the world in search of technology that matched his imagination. He envisioned putting a workstation (OS•X) in a cellphone and developed it for 3 years, but when Apple couldn’t deliver, he demonstrated it by connecting it to a separate workstation. It was a scam, but no one criticized him. - Joseph’s “just my thoughts”