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”
When choosing a job, FIRSTLY you must think “Who am I?” rather than “What should I do?”. Always establishing an identity first, and then finding a way. The more specific your identity is and the closer you are to the substance, the easier it is for you to know how to do it. So, identification is undoubtedly the most challenging aspect. - Joseph’s “just my thoughts”