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The utility, or intrinsic value of gold as a commodity is now considerably less than in the past; its monetary status has become extraordinarily ambiguous; and its future is highly uncertain.
--
Part III, Chapter X, The Status of Gold and Silver, p. 127

 

Benjamin Graham

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There are some things that you know to be true, and others that you know to be false; yet, despite this extensive knowledge that you have, there remain many things whose truth or falsity is not known to you. We say that you are uncertain about them. You are uncertain, to varying degrees, about everything in the future; much of the past is hidden from you; and there is a lot of the present about which you do not have full information. Uncertainty is everywhere and you cannot escape from it.

 

Dennis Lindley

 

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 Buffett

 

In a commodity culture we have been conditioned to believe nothing carries intrinsic value. Instead, value is found only in a thing's usefulness to us, and tragically this belief has been applied to people as well.

 

Skye Jethani

 

When it comes to labour market reform, here's the difference between us and John Howard: John Howard regards labour as just like any other economic commodity. We actually see labour as made up of human beings. These are human beings with an intrinsic dignity. When they go to the workplace, they're not just like a lump of wood or a piece of coal, these are human beings, and they should be treated properly as people with intrinsic rights.

 

Kevin Rudd

 

The past is not more important than the future, despite what your culture has taught you. Your future observations, conclusions, and beliefs are more important to you than those in your past ever will be. The world is changing so fast the balance between the past and the future has shifted.

 

Erik Naggum