A Quote by Wendell Berry
In Kentucky, we're destroying mountains, including their soils and forests, in order to get at the coal. In other words, we're destroying a permanent value in order to get at an almost inconceivably transient value. That coal has a value only if and when it is burnt. And after it is burnt, it is a pollutant and a waste-a burden.
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I am a Prince," he replied, being rather dense. "It is the function of a Prince—value A—to kill monsters—value B—for the purpose of establishing order—value C—and maintaining a steady supply of maidens—value D. If one inserts the derivative of value A (Prince) into the equation y equals BC plus CD squared, and sets it equal to zero, giving the apex of the parabola, namely, the point of intersection between A (Prince) and B (Monster), one determines value E—a stable kingdom. It is all very complicated, and if you have a chart handy I can graph it for you.
All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.
Sometimes you don't get the value of the art or the painting you buy. The value you get from it is on the wall and you're looking at it. It's the same with your car. You're using it, so it goes down in value but you've used it.
Excessively precise economic analysis can lead to assessing everything in terms of its easily measurable melt value - the value that thieves get from stealing copper wiring from isolated houses, that vandals got from tearing down Greek temples for the lead joints holding the marble blocks together, that shortsighted timber companies get from liquidating their forests. The standard to insist on is live value. What is something worth when it's working?
It's a topsy-turvy world in which a country can import the same amount of ice-cream, toilet paper and other goods to trading partners as it exports, and where top bankers are paid millions for destroying economic value, while hospital cleaners create value many times their pay
There's no such thing as clean coal. It's non-existent. Theoretically, it might be possible, many years from now, to come up with a way to clean it as it's burnt. But there's not a single demonstration project in the United States. [...] Clean coal doesn't exist.
For when asceticism was carried out of monastic cells into everyday life, and began to dominate worldly morality, it did its part in building the tremendous cosmos of the modern economic order. This order is now bound to the technical and economic conditions of machine production which to-day determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.
There is, literally and figuratively, not a gold standard. That's almost as big a problem in art as in the financial world. How do you affix a value to something that only has value because a certain number of people agree to believe in that value?
Don't get stampeded by what people around you value. The task is to figure out what YOU value - and value highly enough to throw yourself into with unqualified passion.
Humility reminds you that in order to receive value, you must create value in equal measure.
Just as the value of a house lies in its location, The value of a mind lies in its depth, The value of giving lies in the presence of a generous spirit, The value of words lies in their reliability.
You must value the business in order to value the stock.
The sun burnt every day. It burnt Time. The world rushed in a circle and turned on its axis and time was busy burning the years and the people anyway, without any help from him. So if he burnt things with the firemen, and the sun burnt Time, that meant everything burnt!
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.
It seems important that the social value factor be more generally recognized as a powerful causal agent in its own right and something to be dealt with directly as such. No more critical task can be projected for the 1970s than that of seeking for civilized society a new, elevated set of value guidelines more suited to man's expanded numbers and new powers over nature, a frame of reference for value priorities that will act to secure and conserve our world instead of destroying it.
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.
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