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 human brain is improved by “repetition.” Someone asked the cartoonist “Kwak, Baek-Soo”. “How can I draw well?” He replied, “Draw a lot.” He gave the right answer, but the questioner didn't believe his word. The answer was so obvious that the person who asked it was rather disappointed. However, the cartoonist is right. 'Quality' comes from “Quantity.” “Quantity” overcomes “Quality.” Furthermore, if “Quality” is not supported, a huge “Quantity” also cannot come out. - Joseph’s “just my thoughts”