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”
The greater the mountain, the less we consider its height due to its overall size. It’s not merely the height or depth that defines a significant mountain; rather, it’s the climate. A mountain that experiences changing weather patterns is indeed greater. Similarly, the greater a person is, the broader and more diverse their capacity for change, which should not be taken lightly. We must refrain from judging those individuals with our imperfect cognitive abilities. - Joseph’s “just my thoughts”