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”
Traffic direction is influenced by history and traditions. What would occur if a country suddenly changed its travel direction? The costs of replacing road signs would be just the start; the nation would also need to revise traffic laws and control systems, leading to a higher frequency of accidents. Such a major change hasn’t occurred in any country since its inception. Globally, 165 countries have adopted right-hand drive (RHD), while 75 have implemented left-hand drive (LHD). Currently, 66% of the world’s population drives on the right, and 72% of all roads are right-sided. - Joseph’s “just my thoughts”