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Book value is an accounting concept, recording the accumulated financial input from both contributed capital and retained earnings. Intrinsic business value is an economic concept, estimating future cash output discounted to present value. Book value tells you what has been put in; intrinsic business value estimates what can be taken out.
Warren Buffett
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Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.
Mark Twain
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Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.
Marie Curie
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There is only one thing that I dread: not to be worthy of my sufferings.
Fyodor Dostoevsky
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Never "for the sake of peace and quiet" deny your own experience or convictions.
Dag Hammarskjöld
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