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”
Success is not determined by how much or how little you try. Anyone can be successful, but not everyone can achieve success. Rather, success is like a test paper that proves what a successful person is. Success is the opportunity to see what a person is really like. It’s humbling to know that there are other factors to success besides hard work, but if you believe that effort is everything, your success will soon become a sharp knife that wounds others. No matter how hard you try, you can’t beat fortune. This is the lesson of history. - Joseph’s “just my thoughts”