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| | Global Value Investing Meaning of Value |
 | | The classic work of John Burr Williams (see the models section at theory) is the basis for the development of most equity valuation models, and his work is here referred to as the DCF Model rather than the narrower misleading name of Dividend Discont Model or DDM. | | | Price is not value, pricing is not valuation, and pricing models are not valuation models. | | | Models that include beta are pricing models, not valuation models. |
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http://www.numeraire.com/value.htm
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| | Bill Nygren on The Hunt for Intrinsic Value |
| | Yet, we believe the market has a hard time valuing these businesses because they don't fit very well into a P/E model; high debt levels, joint venture ownership structures, and high start-up costs for new ventures render traditional valuation metrics almost meaningless. | | | Many good businesses sold at single digit P/Es while many large cap growth companies sold at P/Es closer to one hundred than to single digits. | | | Our large holdings are the same names I've talked about for a few years -- Washington Mutual, YUM Brands, H&R Block, First Data, Time Warner -- and we still think they all are attractively priced. |
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http://www.oakmark.com/opencommentary.asp?commentary_id=322
(4934 words)
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| | Two Conceptions of Intrinsic Value |
| | The demand that intrinsic goods be valued in isolation from their social context, through undisturbed contemplation, mirrors the norms of appreciation for objects in a museum. | | | Versions of this view have been held by Ross, Chisholm, Feldman, Lemos, Zimmerman, Gilbert Harman, and William Tolhurst. | | | passim; Gilbert Harman, “Toward a Theory of Intrinsic Value," |
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http://web.syr.edu/~wbradley/2IV.htm
(10759 words)
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| | Intrinsic Value |
| | So if you were hoping to figure out the value of that hot new internet stock, you might want to use another method. | | | For example, if XYZ was trading at $45, you would consider it undervalued because its trading at a price that is less than its IV of $58. | | | Calculating the intrinsic value seems pretty complicated and if you don't like doing all of the math, you can cheat by using Quicken.com's evaluator to have it figure the IV for you. |
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http://www.teenanalyst.com/stocks/intrinsic.html
(624 words)
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| | Bob Jensen's Document on the Theory of Intrinsic Value |
| | The minimum value model, as opposed to other valuation models like the Black-Scholes model, is based on one’s willingness to buy an at-the-money shout option on a share of stock with the right to defer payment of the exercise price until the end of the option’s term. | | | The model has the advantage of simplicity but does not capture the effect of share price volatility. | | | Intrinsic value is the amount by which the option is "in-the-money." A purchased option that has zero intrinsic value when it expires is worthless at the time of expiration. |
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http://www.trinity.edu/rjensen/caseans/IntrinsicValue.htm
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| | Interspecific Justice and Intrinsic Value |
| | We do not, and should not, infer from that fact that we are precluded from asking how visible it is or how large it is. Similarly, either an item registers on a particular weight scale or it does not. | | | Lives as such are not in short supply, but certain kinds of lives are. | | | The number of species on the planet is often estimated to be somewhere between 3 and 30 million, not to mention the number of individuals. |
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http://ejap.louisiana.edu/EJAP/1995.spring/vandeveer.1995.spring.html
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| | Owner’s Manual |
| | But we will be disappointed if our rate does not exceed that of the average large American corporation. | | | The size of our paychecks or our offices will never be related to the size of Berkshire's balance sheet. | | | However, that figure considerably overstated the company's intrinsic value, since all of the company's resources were tied up in a sub-profitable textile business. |
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http://www.berkshirehathaway.com/owners.html
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| | Intrinsic Value in Nature: a Metaethical Analysis |
| | Otherwise the train of means would be infinite and unanchored. | | | [22] Since old-growth forests, for example, are not yet widely acknowledged to have intrinsic value, timber companies may fell them without first offering any justification whatever. | | | Something (be it oneself, another Cartesian subject, or a Cartesian object) "has" intrinsic value if it is valued intrinsically. |
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http://ejap.louisiana.edu/EJAP/1995.spring/callicott.1995.spring.html
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| | Benjamin Graham |
| | I'd like to share with you what was likely the most popular investment tool presented at a seminar I spoke at over the weekend. | | | So another way to describe Benjamin Graham's Intrinsic Value Number is: It is simply a company's Net Current Assets. | | | And, if you find a company that's going for two-thirds - or 66% of - the value of its cash, that's a value. |
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http://www.investmentu.com/IUEL/2003/20030609.html
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| | Global Value Investing with Stock Valuation |
| | Investment Guide • Interactive Valuation Models • Analysis • Commentary • Resources | | | To translate the pages at this website to selected other languages, go |
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http://www.numeraire.com
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| | Intrinsic Value - Definition |
| | People who calculate the intrinsic value of a company consider it to be the "real value" of a company. | | | This is a hypothetical "real value" of a company that's calculated by considering the value of a company's earnings today. | | | This is the idea that the price you see is not the real value of the stock so you calculate the intrinsic value in order to determine how much the stock is worth. |
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http://www.teenanalyst.com/glossary/i/intrinsicvalue.html
(133 words)
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| | Intrinsic value (finance) - Wikipedia, the free encyclopedia |
| | Options are usually sold for their intrinsic value plus their time value. | | | In options terminology, the intrinsic value is the positive difference between the current price for the underlying and the strike price of an option. | | | If an option has intrinsic value, it is also referred to as in-the-money, if it has no intrinsic value, it is referred to as out-of-the-money. |
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http://en.wikipedia.org/wiki/Intrinsic_value_(finance)
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| | Intrinsic Value |
| | The value of a company or an asset based on an underlying perception of the value. | | | Intrinsic value includes hidden things like the value of a brand name, which is difficult to calculate. | | | Intrinsic value in options is the in-the-money portion of the option's premium. |
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http://www.investopedia.com/terms/i/intrinsicvalue.asp
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| | 'Marx’s Concept of Intrinsic Value' -- News & Letters, March 2004 |
| | Kliman shows that Marx does nothing of the sort, because Marx shows that value, not exchange value, is intrinsic to the commodity. | | | But even if he were chronically overworked and underpaid, he would have to go beyond his experience and dig into Marx to see how the system flows from value production. | | | Where the former expresses value, measured in labor-time, the latter expresses price at the market. |
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http://www.newsandletters.org/Issues/2004/March/Essay_Marchb04.htm
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| | intrinsic value Definition |
| | The intrinsic value includes other variables such as brand name, trademarks, and copyrights that are often dificult to calculate and sometimes not accurately reflected in the market price. | | | what investors are willing to pay for the company) and intrinsic value is the value (i.e. | | | If the stock price is less than the strike price the call option has no intrinsic value. |
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http://www.investorwords.com/2587/intrinsic_value.html
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| | Intrinsic/ Instr Value Handout |
| | Do valuable paintings have intrinsic or instrumental value? | | | Classical Utilitarians such as Bentham and Mill define the good as happiness (pleasure) which, they think, has intrinsic value. | | | That which is valued in and for itself. |
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http://www.philosophy.ilstu.edu/bailey/phi232fld/inexvalue.html
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| | The Concept of Intrinsic Value |
| | All records having a particular physical feature would not be considered to have intrinsic value because of this feature; however, an exemplary selection of each type would be considered to have such value. | | | The archivist is responsible for determining which records have intrinsic value. | | | The archivist, however, also may determine that certain individual record items within a series have intrinsic value, especially those items to be retained because of special physical characteristics. |
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http://palimpsest.stanford.edu/byorg/abbey/an/an06/an06-5/an06-511.html
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| | Intrinsic value - Wikipedia, the free encyclopedia |
| | Intrinsic value (finance), of an option or stock. | | | Intrinsic theory of value, an economic theory of worth. | | | This is a disambiguation page: a list of articles associated with the same title. |
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http://en.wikipedia.org/wiki/Intrinsic_value
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| | ValuePro |
| | The inputs used to value the stock are updated periodically. | | | ValuePro.net was founded by three financial engineers/finance professors to develop and distribute inexpensive, easy to use and understand valuation tools. | | | You can change any input and recalculate a stock value. |
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http://www.valuepro.net/index.shtml
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| | Intrinsic value? |
| | We call them "intrinsic values." Those things that are only instrumental, that is, contributions to intrinsic values, can also be called "extrinsic values." | | | With respect to the nature of intrinsic value, that is, what characteristics of an experience make it more valuable, there are no simple answers. | | | However it actualizes itself is an intrinsic value, trivial or significant. |
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http://www.ctr4process.org/pandf/cobbfaq/intrin.htm
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| | Intrinsic Investment Group |
| | Our approach is somewhat contrarian, since we invest in undervalued companies that may be out of favour due to some short-term negative event, or when they are overlooked by other investors. | | | Our principal focus is to evaluate the economics of individual companies to determine if value is present. | | | The Intrinsic Investment Group searches for value from a bottom-up approach. |
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http://www.intrinsicinvestment.com
(136 words)
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| | Spaceflight or Extinction |
| | This should be achieved not only for its intrinsic value, but to ensure the safety of the human species through a critical stage of its development. | | | A civilization restricted to the surface of a single planet has inevitable threats to its long-term existence. |
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http://www.spaext.com
(285 words)
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| | Intrinsic value - definition of Intrinsic value by the Free Online Dictionary, Thesaurus and Encyclopedia. |
| | She wondered if the man who had given her the beautiful bauble, that had meant so much more to him than the intrinsic value which he had not even known could ever have meant to him, was back in his savage forest. | | | This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. | | | Its intrinsic value does not exceed thirty thousand francs. |
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http://www.thefreedictionary.com/Intrinsic+Value
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| | Scripophily: Intrinsic Value |
| | If you own uncancelled securities in an "unknown" company, your old certificate could still represent a valuable investment. | | | Over the past 30 years, our research efforts have helped investors recover more than $6 million US from old stocks and bonds they thought were worthless. | | | Established in 1969, Stock Search International Inc. is recognized as the expert in the field of financial research. |
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http://www.stocksearchintl.com/intrinsic.html
(197 words)
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| | [No title] |
| | © 2005 Intrinsic Value Charters All Rights Reserved. |
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http://www.catch-fish.com
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