From: Reason (reason@exratio.com)
Date: Mon Sep 09 2002 - 22:04:11 MDT
> Forget about the voting rights, they are generally worthless unless you
> own a huge chunk of the company. Stock (do you believe a company has an
> intrinsic value?) does have intrinsic value.
Um. In the market sense, nothing has intrinsic value. All valuation is
subjective and subject to the existance of intelligent entities. No
entities, no such thing as value. NaN. Even for "liquid currency," which is
of course just another commodity, like stock or houses. Will you pay a
dollar for a dollar? Depends on circumstance, of course.
Reason
http://www.exratio.com/
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