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 Awakening Formula: [Mine = all of my properties - borrowed - inherited - gifted - stolen - cheated out of]. If you exceed this “mine,” it’s time to wake up. All economic activities should commence with the amount you consider to be a genuine “mine.” It is essential to view it as a sin to enjoy anything “first” or “more” than that. Caring for what belongs to you is the initial step toward success and the foundation of life. - Joseph’s “just my thoughts”