Until we receive more information from the company, we tentatively estimate the intrinsic value of Sears' stock at between $36 and $42 a share.

In an efficient market, at any point in time, the actual price of a security will be a good estimate of its intrinsic value.

Only art of intrinsic value is suitable for children! Everything else is harmful.

In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.

There is no such thing as absolute value in this world. You can only estimate what a thing is worth to you.

I would recommend that all the nonprofits sign up, because the information shared was of significant value. It taught you how to really run a nonprofit from startup to audit.