If we accept this as true and that value is extrinsic, we must accept that we are capable of altering that value. If you stop buying Marlboros you’ve impaired Altria’s value by thousands of dollars. Inverting, we, individually and collectively, can actually CONJURE value.
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Salespeople alter value. Direct response marketers do, too. The youth do through their social circles and viral distribution of trends. We have the power to alter value. It is a magic of sorts and all you have to do to tap into it is to want to.
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I’m wondering if the original meaning was that extrinsic value was stock price and intrinsic value is an appraisal without concern for stock price.
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The two are necessarily linked, I believe.
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Other people with more time to waste on it than me seem to have put in a lot of work on the subject: https://plato.stanford.edu/entries/value-intrinsic-extrinsic/#WhaHasIntVal …
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The only thing on earth that has intrinsic value is a person. Because people are the sources of creation. Everything else is decided by external - price at market.
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I guess you could say that any living thing has intrinsic value because it values its own life, but no inanimate object can have intrinsic value? But perhaps you could say that life has no IV because its value is contingent on living things.
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But would you concede, absent a world where humanity doesn't exist, that there are certain things that we cannot, just yet, live without? (e.g food/water) ,and that imbues them, so long as humans are alive and want to stay alive, with something greater than mere extrinsic value?
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