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”
Self-love is an essential human instinct, prompting us to prioritize our own survival before others. This instinct makes it challenging to make sacrifices for those around us. However, when we deeply love someone, we essentially extend and project our self-concept onto them. In essence, love involves sharing my self-love with another person. Consequently, love fades when I can no longer see myself reflected in that person. When our self-love becomes distorted, it leads to suffering in our relationships with others. - Joseph’s “just my thoughts”