Liquidation Value: All valuations consider present and future values. Value is generated over time. It begins in the present and extends into the future. This ongoing value is referred to as continuing value. Countries, corporations, households, and individuals set current values based on the belief that the present state will persist. What happens if it does not continue? It loses its future value. This state is known as the liquidation value. For example, this occurs if you quit your business. Almost all investments involve buying and selling assets based on their future worth. If you buy at a price lower than the liquidation value, you make a significant profit. If you buy at the liquidation value, you pay a fair price. If you pay more, you risk overpaying or buying a bubble. Value depends on time. Continuing a process is key to valuation. - Joseph’s “just my thoughts”
Can I live by only meeting the people I need? Obviously, some people are essential to me, but not everyone I have a relationship with is there because I need them. So, shouldn’t we connect with people who are less needy? Is my criterion correct? The relationships I have now are a result of meeting both needed and unnecessary people. Regret doesn’t justify my current relationships. We have all encountered precious individuals. The plausible excuse is merely a convenient way to package my priorities and outcomes. Don’t deceive yourself. - Joseph’s “just my thoughts”