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<p>[QUOTE=&quot;InfleXion, post: 1339082, member: 29012&quot;]I had hoped that providing the definition of the word &quot;intrinsic&quot; would clear things up. I never said stocks have no value, but if you put the word &quot;intrinsic&quot; in there it changes the entire meaning of the sentence. I agree that the value of stocks is there, obviously that is indisputable. Where I disagree is that the value is intrinsic to the nature of the stock. If stocks had intrinsic value then their value would not depend on the company they represent. Instead, the value would depend on what the stock itself consists of from a physical standpoint. If stocks have intrinsic value, then so do FRN&#039;s, so do bonds, and so do silver certificates that nobody would pay you the price of silver that they claim to represent. I don&#039;t understand why there&#039;s so much blowback on this. Take the word &quot;intrinsic&quot; away and I have no disagreement about any of this.[/QUOTE]</p><p><br /></p>

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