A Quote by Ludwig von Mises
Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.
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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.
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.
Modern man has no real "value" for the ocean. All he has is the most crass form of egoist, pragmatic value for it. He treats it as a "thing" in the worst possible sense, to exploit it for the "good" of man. The man who believes things are there only by chance cannot give things a real value. But for the Christian the value of a thing is not in itself autonomously, but because God made it.
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 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.
To love is to value. Only a rationally selfish man, a man of self esteem, is capable of love - because he is the only man capable of holding firm, consistent, uncompromising, unbetrayed value. The man who does not value himself, cannot value anything or anyone
What is the importance of human lives? Is it their continuing alive for so many years like animals in a menagerie? The value of a man cannot be judged by the number of diseases from which he escapes. The value of a man is in his human qualities: in his character, in his conscience, in the nobility and magnanimity, of his soul. Torturing animals to prolong human life has separated science from the most important thing that life has produced - the human conscience.
THE FATHER: But don't you see that the whole trouble lies here? In words, words. Each one of us has within him a whole world of things, each man of us his own special world. And how can we ever come to an understanding if I put in the words I utter the sense and value of things as I see them; while you who listen to me must inevitably translate them according to the conception of things each one of you has within himself. We think we understand each other, but we never really do.
A self-made man, if he is made at all, has already won the battle of life. . . . he has learned to resist. He has learned the value of money, and how to refuse to spend it. He has learned the value of time, and how the conversion of it into useful things will make of his life something worthwhile. He has learned to say no, to say no at the right time and then to stand by it. Without resistance, and the self-denial which it often imposes, there is no real happiness. In the quest for happiness man must learn that temptation resisted strengthens the mind and the soul.
I suppose, at 50, you value things in a different way. So you value connections, you value your friendships, you value your health, and you are much more aware of time passing.
Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.
Men of the world who value the Way all turn to books. But books are nothing more than words. Words have value; what is of value in words is meaning. Meaning has something it is pursuing, but the thing that it is pursuing cannot be put into words and handed down. The world values words and hands down books but, though the world values them, I do not think them worth valuing. What the world takes to be values is not real value.
It is rather astonishing how little practical value scientific knowledge has for ordinary men, how dull and commonplace such of it as has value is, and how its value seems almost to vary inversely to its reputed utility.
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.
I don't value authority. I don't value the systems. I don't value patriarchal religion. I don't value the things that diminish you when you do tell the truth. So I'm not scared of the end result, and that is the biggest asset I have.
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