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”
When classifying relationships, you might identify three types: those that only give, those that only receive, and those that both give and receive. Typically, you would say that relationships characterized by mutual exchange are the happiest. However, various factors can distort these dynamics, such as a person’s circumstances or emotional pain. As a result, some individuals may prefer or find it necessary to engage in one-sided relationships where they only receive. Unlike mathematical formulas, human relationships are not so straightforward. Nonetheless, to achieve true happiness, relationships must be built on a foundation of reciprocity in giving and receiving. - Joseph’s “just my thoughts”