value
Pronunciation: 'val-(")yü
Function: noun
1 : a fair return or equivalent in goods, services, or money for something exchanged
2 : the monetary worth of something : marketable price
3 : relative worth, utility, or importance <a good value at the price> <the value of base stealing in baseball> <had nothing of value to say>
4 a : a numerical quantity that is assigned or is determined by calculation or measurement <let x take on positive values> <a value for the age of the earth> b : precise signification <value of a word>
5 : the relative duration of a musical note
6 a : relative lightness or darkness of a color : LUMINOSITY b : the relation of one part in a picture to another with respect to lightness and darkness
7 : something (as a principle or quality) intrinsically valuable or desirable <sought material values instead of human values -- W. H. Jones>
let us look at these in numerical order, for, it seems that we differ strongly on them ....
(BUT this is based on ONLY the way I SEE what you say, and might not be accurate)
ONE --- fair return
according to your way of thinking, it appears to me that what you say, that things are NOT fair according to your judgement because the equity price is out of line with past methods of valuation or current ratios of "things" or what you think is fair =====
according to my way of seeing it ---- it IS fair because that is what it is .... and all my "knowing different" does not make one hoot in a holler of a bit of difference --- facts is facts and price is price is value TODAY
TWO ---
marketable price
you say (it seems to me) that the price is "out of line"
I say ---- it is priced at market value
THREE ---
realative worth
here is where I see that your argument holds sway ---- the equity is really worth MORE, in relative terms, that what it will actually bring
I say --- it is priced at market value
FOUR ---
calculated by measurement
again, here your method of valuation is valid --- measure things by "a standard" and it comes up with something that you hold dear and true
I say --- it is priced at market value
Now, I'm not trying to be hard to get along with ....
I understand your point of view......
it just seems to me to be a hard way to Serve the Lord (thass a joke, ol son)
when it is so much easier to act on
what is happening
rather than
having to understand what is wrong ....
It seems to me that there is NO value in being correct as to value, whilst holding onto a falling price equity and losing money ....
there are NO gold stars to be pasted on the report card for being correct about value when the price of the equity is going down down down down ...
enough of the discussion about the definition ...
I quote you -----> I'm not trying to be a smart-ass, but based on this logic, you won't know if it was a value until after the fact. If you don't buy and it goes up you don't make any money.
This comes up time after time ----
I see NO preclusion to keeping anyone from making money when buying later, rather than earlier ...
there is NO exclusion to further purchases by any action I support ...
there is NOT a SINGLE time to BUY ....
let us take the familiar Nike Swoosh to delineate the price of an equity =====
you say ---
it will go up because it must to fulfill the logo design .. ok, I can accept that because I accept the original design as delineation of the equity price --- IT WILL GO UP .... but it goes down first -------- recall the design --- a swoosh ....
I say ---
it will go up, because it must to fulfill the logo design BUT I want it to be GOING UP before I buy, because I don't know the SCALE of the SIZE of the logo ... and my charts will TELL ME this great information ......
I have NO intent to say that the dot com era was based on fact ---
BUT
your "valuation method" wouldn't have bought them at all, based on "value"
and
my "market price" method would have bought them ON THE RISE and disposed of them as they started down ...
enough of this ..
I'm tired .... gggggg
I'm not going to convert any of you accountant types of fundamental analysts to see my side ....
but ... hey --- I tried .... vbzggggggggg |
