The value of the asset to you depends on your discount rate. The value of the asset to the market depends on the market's discount rate. So your intrinsic value can differ meaningfully from the market's intrinsic value.
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None of this is intrinsic to the asset; it is extrinsic because the source is from the buyers and sellers of the asset. I can accept calling it extrinsic value which sounds like what you describe.
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THANK YOU! I've doubted myself so much on this thought because I never worked on Wall Street and wondered if I'm crazy or missing something obvious.
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You’re welcome!
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Nietzsche has a lot to say about value(s).
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Pleas explain. You know it’s unfair to beat me up with your education.

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Then this is still extrinsic because it relies on external preferences? But I’m not opposed to valuing however you want. I may be being too pedantic about terminology. Will think on that.
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This is 100% correct. Intrinsic value is relative value. Can’t compute it without yields, comps or (often and) mkt valuations. Question the axioms and the entire edifice crumbles.
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It’s also super sensitive to the axioms. Tiny wiggles lead to enormous waggles. Which at times makes intrinsic value a joke. Mostly its just bond math fetish.
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