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”
A scab forms when the skin is injured. This is to protect the wound from contagion while healing. If a scab is still attached when the wound is healed perfectly, it is no longer a protective mechanism and is an alien substance, not skin. It is the same with the wounded mind. Everyone has a defense mechanism to protect their wounds. Even if your wound is completely healed, if you adhere to your defense mechanism, it would be a foreign object. It's not a part of yours, instead, that should be treated like a tumor. - Joseph's "just my thoughts"