For example, if you pay 30 % less
than the intrinsic value of an asset based on conservative calculations that bargain is a cushion that can help avoid mistakes caused by stupidity.
And for this you have to see that for your interest you always pay less
than the intrinsic value of the business.
Always invest in stocks when the market price is less
than the intrinsic value of a stock.
It also means that if you are a skilled negotiator or experienced at turn key real estate investing (or both), it's entirely possible that you can negotiate a price that is considerably lower
than the intrinsic value of the asset, which is impossible with most other types of investments.
Not exact matches
The trouble, according to a host
of psychologists, is that using this sort
of general encouragement for every little thing teaches kids to
value your praise rather
than the
intrinsic satisfaction
of true accomplishment.
Ideally,
of course, you want stocks whose
intrinsic value is higher
than their market
value.
We moved to a system
of compensation that was based on stock prices rather
than on
intrinsic values.
Secondary investors focus on companies and the
intrinsic value of existing assets which is fundamentally different
than making an informed decision about a fund manager based on the team, strategy and track record.
«We expect most or our return to come from compounding
of intrinsic value rather
than a return to
intrinsic value» Ira Rothberg
If a stock is selling for less
than its
intrinsic value, chances are this will ultimately be recognised and the market price will rise to a level more indicative
of the company's worth.
Low corn prices, challenges in
valuing their biotech pipeline and the difficulty
of quantifying upside from precision agriculture have caused Monsanto to sell for materially less
than our estimate
of its
intrinsic business
value.
We define
intrinsic value as the amount that would accrue to the owners
of a security if the underlying company were sold to a rational and well - informed buyer, or the company was liquidated with the proceeds distributed to security holders, or where the particular security sells at a price that would yield no better
than a security considered ultra-safe, such as a US Treasury note or bond» Lou Simpson
But if there has always been a realm
of finite actualities, and if the existence
of such a realm (though not with any particular order) is as eternal and necessary as is the existence
of God, then it also makes sense to think
of eternally necessary principles descriptive
of their possible relationships... [T] his correlation between freedom and
intrinsic value is a necessary one, rather
than a result
of divine arbitrariness (PTE 711).
For example, deforestation, which usually accompanies development as now practiced, has been more vigorously opposed by those who see
intrinsic value in the whole
of the living world
than by those who are concerned chiefly for peasants and workers.
It suggests that the whole
of nature is part
of the divine self; it shows how the exploitation
of nature impoverishes the very richness
of divine experience; it encourages a respect for the
intrinsic value of individual organisms; and, in saying that God loves the world as a self loves a body, it suggests that embodiedness itself is a good to be cherished rather
than an evil to be avoided (McFague, 74).
Christians can be much clearer in their opposition to the reduction
of the
value of natural things to their price
than about the
intrinsic value of animals.
It is just such a split as this that Buber avoids, and it is for this reason that he can speak
of «
intrinsic value and disvalue» in a more genuine sense
than either Kant or Sartre.
But I have never felt the need to justify such behavior by thinking they have less
of a right to live and blossom (or that they have less
intrinsic value as living beings)
than other living beings, including myself....
In their interpretation
of the second
of the eight points they write that this entails «the refusal to acknowledge that some life forms have greater or lesser
intrinsic value than others» (71).
The use
of the term
intrinsic value by deep ecologists misled us into thinking there was more similarity
than may in fact exist.
It is this which makes the particular form expressive
of a religious dimension rather
than merely
of its own
intrinsic value.
The fertilized ovum can be recognized as having some
intrinsic value but less
than that
of the newly born infant.
Nevertheless the
intrinsic value of the plant is probably no more
than that
of the cells that compose it.
If
intrinsic value is «measured» by richness
of experience, it follows that creatures such as primates and whales have more
intrinsic value than worms and mosquitoes.
Nearly everyone agrees that a moment
of «human» experience is richer, more intense, more laden with
intrinsic value than a moment
of «electronic» experience.
The use
of the name «Tabasco» preceded the patent by about two years, and, as similar sauces with the same ingredients have for many years been on the market, it is clear that it was the name and the
intrinsic merit
of the article, rather
than the patent, which gave the sauce its
value.
While we often go for just looks, women use an entire range
of indicators and
values that are usually
intrinsic and internal to each man, and are intuited rather
than considered consciously by the woman.
That said, too often the investment
of money in a company is treated as a success in and
of itself rather
than the creation
of true
intrinsic value in solid and sustainable models.
Most people who go into teaching are motivated by
intrinsic rewards — the
value of the work they do — rather
than extrinsic motivators, such as money, many educators believe.
Members embrace the
intrinsic value and right to exist
of the other -
than - human and
of natural environments, and recognize that the pursuance and advocacy
of a planetary ethic
of environmental and social justice needs to be grounded in, as well as restorative and celebratory
of, local and indigenous communities and cultures.
They include cooperative learning, 20th century skills, the «cult
of success» in which innovations are developed in direct proportion to the likelihood
of student success, rather
than their
intrinsic value.
I believe a successful teacher is one that can awaken the curiosity
of their students, illustrate the
intrinsic value of the subject matter, and foster understanding rather
than memorization.
If they rate an issuer's credit as higher
than the external credit ratings, they are often able to pick up the security at a discount to their perception
of it's
intrinsic value.
Are there other companies / industries where you think BPS is a better proxy for
intrinsic value than the more widely accepted indicators
of intrinsic value like owner earnings or FCF?
To me it's about assessing all aspects
of a business and asking myself if the
intrinsic value of that company is more or less
than the market price.
In Berkshire's case, we long ago told you that our job is to increase per - share
intrinsic value at a rate greater
than the increase (including dividends)
of the S&P 500.
The answer is that other
than a small number
of applications (the approx. 10 %
of gold production that goes to «industrial uses») gold does not have
intrinsic value beyond being pretty and rare (and useful for making jewelry.)
We would rather invest in a distressed bond trading well below its
intrinsic value than a hyped equity or income trust trading far above any reasonable calculation
of value.
The Capstone strategy seeks to generate absolute returns over the long term in the attractive asset class
of smaller under - researched companies by building portfolios that have lower
than market levels
of debt, higher
than market levels
of profitability, and are trading at a discount to their
intrinsic value.
That's more
than double the
intrinsic value of the best insurance companies in the world (like Berkshire Hathaway, W.R. Berkley, or Markel), which I'd peg in the ballpark
of two times book
value.
There is nothing precluding a high growth stock from trading materially less
than a conservative estimate
of its
intrinsic worth, and thus becoming a
value investment.
This is any
value of that option other
than intrinsic.
Just like some
of the banks in Morgan's 1907 syndicate that came out
of the crisis in a stronger position
than when they entered it, some
of the best companies in today's world actually added to their
intrinsic value because
of 2008 (Berkshire and JPM are just two examples — extending credit and buying companies when few others had the means or will to do so).
Prof. Bakshi has mentioned about «thinking in terms
of expected returns over a decade or more» rather
than thinking in terms
of discount to
Intrinsic value.
If that was the case it wouldn't really be the
intrinsic value, because it's obvious that it's way better
than what anyone can get from the average market, or in other words, it's much better
than most people required rate
of return.
If the quoted price is significantly cheaper
than your estimated
intrinsic value, you buy the stock or buy more
of it if you already own it.
The gains reflect our selection
of stocks with
intrinsic value greater
than the market price which helps maximize the appreciation potential and limit the downside risk.
Value Investing is the strategy of choosing shares that are trading at less than their intrinsic v
Value Investing is the strategy
of choosing shares that are trading at less
than their
intrinsic valuevalue.
We believe the shares are worth well more
than tangible book
value right now; thus we've been purchasing shares at a good deal below 50 %
of intrinsic value.
The role
of long equity positions is to drive returns through dividends, capital gains from purchase prices below
intrinsic value, and appreciation from faster -
than - expected increases in
intrinsic business
value.