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”
Although it may seem like an exaggeration, relationships are influenced by circumstances beyond just individuals; this extends to their upkeep as well. The interplay between a person’s character, personality, profession, surrounding individuals, and various political and economic factors intricately shapes the development and sustenance of human connections. Therefore, while it’s essential not to overly criticize individuals, it’s equally important not to overlook these influences. - Joseph’s “just my thoughts”