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”
Diamonds are useless but expensive. At best, the usefulness of diamonds is just a hardness. There are many beautiful colored gems other than diamonds in the world. Paradoxically, diamonds are worth more because they are useless. A way for the rich to show off their wealth is to show that even if it is futile, they can pay for what others cannot. It is not the only value that is useful in the world. Value purely comes from a human. Focus on how human needs arise. - Joseph’s “just my thoughts”