Liquidation Value: All valuations consider present and future values. Value is generated over time. It begins in the present and extends into the future. This ongoing value is referred to as continuing value. Countries, corporations, households, and individuals set current values based on the belief that the present state will persist. What happens if it does not continue? It loses its future value. This state is known as the liquidation value. For example, this occurs if you quit your business. Almost all investments involve buying and selling assets based on their future worth. If you buy at a price lower than the liquidation value, you make a significant profit. If you buy at the liquidation value, you pay a fair price. If you pay more, you risk overpaying or buying a bubble. Value depends on time. Continuing a process is key to valuation. - Joseph’s “just my thoughts”
As a classical composer, Beethoven was the first to assign the work number 'Op.' to his works. Music scholars numbered the works of other famous classical composers after they had passed away. Beethoven believed that his work would be passed on to future generations, and he made it his responsibility to do so. Therefore, uncharacterized works were not given an 'Op.', leaving him with fewer works than other composers. This attitude influenced other composers and made them responsible for their creations. Since then, of course, the number of works by composers has decreased. The responsibility of one person can affect a generation and beyond. - Joseph's "just my thoughts"