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Just my thoughts #0434

Crisis overcoming and development both begin with “what I have,” not “what I have lost.” “What I have” consists of [everything I possess now, including what I lent to others] minus [what I’ve borrowed from others], [what I’ve inherited], [what I’ve received as gifts], and [what I’ve taken unlawfully]. [What I have] + [What I’ve inherited] + [What I’ve received as gifts] is referred to as [own assets] or [net assets], which includes [something I borrowed], and subtracting [something stolen] in my possession, it is called [asset]. To pay off the liabilities (debts), you must have [net assets] or possess [something I borrowed from others]. The only other way to do this is to repay with [something I stole]. The ultimate goal of any business activity is to acquire [assets]. - Joseph’s “just my thoughts”

Just my thoughts #0370

The value and nature of stocks depend on how much money a company can potentially make for me in the future. In other words, it’s not the present value, but the future value that matters. It’s crucial to be able to provide profits consistently over time. In accounting, this concept is referred to as “going concern.” When you evaluate what you’re doing right now (job, business, investment, etc.) in terms of sustaining revenue generation, many conflicts and considerations diminish because your judgment becomes clearer. - Joseph’s “just my thoughts”