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.
Warren BuffettRelated topics
business calculation cash definition estimate figure future interest intrinsic life move remaining simple take value ratesRelated quotes
Is not a patron, my lord, one who looks with unconcern on a man struggling for life in the water, and when he has reached ground encumbers him with help The notice which you have been pleased to take care of my labors, had it been early, had been kind but it has been delayed till I am indifferent, and cannot enjoy it till I am solitary, and cannot impart it till I am known, and do not want it.
Samuel Johnson
Our treatment of both older people and children reflects the value we place on independence and autonomy. We do our best to make our children independent from birth. We leave them all alone in rooms with the lights out and tell them, ''Go to sleep by yourselves.'' And the old people we respect most are the ones who will fight for their independence, who would sooner starve to death than ask for help.
Margaret Mead
The capabilities (intellectual and material) of contemporary society are immeasurably greater than ever before-which means that the scope of society's domination over the individual is immeasurably greater than ever before. Our society distinguishes itself by conquering the centrifugal social forces with Technology rather than Terror, on the dual basis of an overwhelming efficiency and an increasing standard of living.
Herbert Marcuse
Remember that you ought to behave in life as you would at a banquet. As something is being passed around it comes to you stretch out your hand, take a portion of it politely. It passes on do not detain it. Or it has not come to you yet do not project your desire to meet it, but wait until it comes in front of you. So act toward children, so toward a wife, so toward office, so toward wealth.
Epictetus
What I mean by living to one's-self is living in the world, as in it, not of it it is as if no one know there was such a person, and you wished no one to know it it is to be a silent spectator of the mighty scene of things, not an object of attention or curiosity in it to take a thoughtful, anxious interest in what is passing in the world, but not to feel the slightest inclination to make or meddle with it.
William Hazlitt
