A Quote by Gilbert K. Chesterton

Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. — © Gilbert K. Chesterton
Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing.
Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.
In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.
The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
Am I crazy?" she asked. "I feel like I am sometimes." "Maybe," he said, rubbing her forehead. "But don't worry about it. You need to be a little bit crazy. Crazy is the price you pay for having an imagination. It's your superpower. Tapping into the dream. It's a good thing not a bad thing.
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.
Market value is irrelevant to intrinsic value. ... Unqualified judgment can at most claim to decide the market-value - a value that can be in inverse proportion to the intrinsic value.
The basic concept of value to a private owner and being motivated when you're buying and selling securities by reference to intrinsic value instead of price momentum - I don't think that will ever be outdated.
The key thing when you short is to make sure you're not wrong on the fundamental intrinsic value.
It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.
The arts are beyond price; they're beyond value. They're of incalculable worth in what it means to be a human being.
The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
It is not possible to be a scientist unless you believe that it is good to learn... that it is of the highest value to share your knowledge... with anyone who is interested... that the knowledge of the world, and the power which this gives, is a thing which is of intrinsic value to humanity
There's no such thing as a value company. Price is all that matters. At some price, an asset is a buy, at another it's a hold, and at another it's a sell.
In an efficient market, at any point in time, the actual price of a security will be a good estimate of its intrinsic value.
In an efficient market at any point in time the actual price of a security will be a good estimate of its intrinsic value.
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