A Quote by Joseph Addison
In the founders of great families, titles or attributes of honor are generally correspondent with the virtues of the person to whom they are applied; but in their descendants they are too often the marks rather of grandeur than of merit. The stamp and denomination still continue, but the intrinsic value is frequently lost.
Quote Topics
Quote Author
Related Quotes
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.
Contemporaries appreciate the person rather than their merit, posterity will regard the merit rather than the person.
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.
Historians still often see the end of the war as meaning nothing more for Germany than lost territories, lost participation in colonization, and lost assets for the state and individuals. They frequently overlook the most serious loss that Germany suffered.
It is possible to indulge too great contempt for mere success, which is frequently attended with all the practical advantages of merit itself, and with several advantages that merit alone can never command.
I have often noticed that ancestors never boast of the descendants who boast of ancestors. I would rather start a family than finish one. Blood will tell, but often it tells too much.
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.
Judging people for whom they love (a same sex partner) rather than by whom they harm, should in itself merit a psychiatric diagnosis.
We use important words too frequently and they lose value; for instance, charm and great. An actor or musician often is proclaimedgreat when we really mean he is outstanding.
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.
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.
What a great teacher, a great parent, a great psychotherapist and a great coach have in common is a deep belief in the potential of the person with whom they are concerned. They relate to the person from their vision of his or her worth and value.
Character - We describe the character of a person in reference to moral judgments about the worthiness of a person. Thus, to have a strong, great or honorable character is to be a person of merit, worthy of admiration and honor.
Those for whom words have lost their value are likely to find that ideas have also lost their value.
The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.
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.
Related Authors
Ayn Rand Quotes
Russian
Writer
C. S. Lewis Quotes
British
Writer
Francois de La Rochefoucauld Quotes
French
Writer
Gilbert K. Chesterton Quotes
English
Writer
H. L. Mencken Quotes
American
Writer
Haruki Murakami Quotes
Japanese
Writer
Kurt Vonnegut Quotes
American
Writer
Leo Tolstoy Quotes
Russian
Writer
Mark Twain Quotes
American
Writer
Mason Cooley Quotes
American
Writer
Ray Bradbury Quotes
American
Writer
Samuel Johnson Quotes
English
Writer
Seth Godin Quotes
American
Writer
Sherrilyn Kenyon Quotes
American
Writer
Suzanne Collins Quotes
American
Writer