Quotes & Sayings About Valuation

He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation. — Ludwig Von Mises

Einstein was right about relativity, but even he would have had a difficult time applying relative valuation in today's stock markets. — Aswath Damodaran

We need to put a price on carbon, and that's what cap-and-trade does and that's also what a CO2 tax does. As long as our current valuation in the marketplace tells us every minute of every day that it's perfectly all right to dump 90 million tons of global warming into the thin atmosphere surrounding the planet every 24 hours as if that atmosphere is an open sewer, then the individual actions are not going to solve the problem. — Al Gore

The world takes us at our own valuation. It believes in the man who believes in himself, but it has little use for the timid man, the one who is never certain of himself; who cannot rely on his own judgment, who craves advice from others, and is afraid to go ahead on his own account. — Orison Swett Marden

Through valuation only is there value; and without valuation the nut of existence would be hollow. — Friedrich Nietzsche

Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China. — James Chanos

Nothing should be worth more to you than its value in helping you live your life. If you are willing to slough off the past, even at a loss, you are keeping yourself free, and your world continues to grow. If you insist on holding to some abstract valuation, you are being held hostage by that possession, and you are trapped in a prison of your own devising. — Kent Nerburn

At the fourth, the fractal (or viral, or radiant) stage of value, there is no point of reference at all, and value radiates in all directions, occupying all interstices, without reference to anything whatsoever, by virtue of pure contiguity. At the fractal stage there is no longer any equivalence, whether natural or general. Properly speaking there is now no law of value, merely a sort of epidemic of value, a sort of general metastasis of value, a haphazard proliferation and dispersal of value. Indeed, we should really no longer speak of 'value' at all, for this kind of propagation or chain reaction makes all valuation possible. — Jean Baudrillard

Valuation premiums of quality companies often reflect some degree of expected operational outperformance, but actual performance tends to exceed expectations over time. Stock prices thus tend to undervalue quality companies. — Lawrence A. Cunningham

Gross profit margin demonstrates competitive advantage: it is the purest expression of customer valuation of a product, clearly implying the premium buyers assign to a seller for having fashioned raw materials into a finished item and branding it. — Lawrence A. Cunningham

Before it was usual to acquire goods in the market, not for personal consumption, but simply in order to exchange them again for the goods that were really wanted, each individual commodity was only accredited with that value given by the subjective valuations based on its direct utility. It was not until it became customary to acquire certain goods merely in order to use them as media of exchange that people began to esteem them more highly than before, on account of this possibility of using them in indirect exchange. The individual valued them in the first place because they were useful in the ordinary sense, and then additionally because they could be used as media of exchange. Both sorts of valuation are subject to the law of marginal utility. — Ludwig Von Mises

Three tendencies can be observed in the estimation of dreams. Many philosophers have given currency to one of these tendencies, one which at the same time preserves something of the dream's former over-valuation. The foundation of dream life is for them a peculiar state of psychical activity, which they even celebrate as elevation to some higher state. Schubert, for instance, claims: "The dream is the liberation of the spirit from the pressure of external nature, a detachment of the soul from the fetters of matter." Not all go so far as this, but many maintain that dreams have their origin in real spiritual excitations, and are the outward manifestations of spiritual powers whose free movements have been hampered during the day ("Dream Phantasies," Scherner, Volkelt). A large number of observers acknowledge that dream life is capable of extraordinary achievements - at any rate, in certain fields ("Memory"). — Sigmund Freud

Value God and his love more than all the world, though there were millions of them. He valued you before the world, and therefore is beforehand with you in his love. He not only loved you from everlasting, (whereas your love is but of yesterday,) but in the valuation of it, he loved you before all worlds, and preferred you to all worlds: though you loved the world first, before you loved him. — Thomas Goodwin

For a scientific theory of him to be possible, man, including his habits of valuation, has to be taken as determined by causal laws, as an instance and part of nature. — Hans Jonas

Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest. — Warren Buffett

Tell me what a man finds sexually attractive and I will tell you his entire philosophy of life. Show me the woman he sleeps with and I will tell you his valuation of himself. — Ayn Rand

Its [the anthropological method] power to make us understand the roots from which our civilization has sprung, that it impresses us with the relative value of all forms of culture, and thus serves as a check to an exaggerated valuation of the standpoint of our own period, which we are only too liable to consider the ultimate goal of human evolution, thus depriving ourselves of the benefits to be gained from the teachings of other cultures and hindering an objective criticism of our own work. — Franz Boas

And how have I lived? Frankly and openly, though crudely. I have not been afraid of life. I have not shrunk from it. I have taken it for what it was at its own valuation. And I have not been ashamed of it. Just as it was, it was mine. — Jack London

Nature always takes you at your own valuation. Believe that you are the child of God. Believe that you express Life, Truth, Love. Believe that Wisdom guides you. Believe that you are a special enterprise on the part of God - and what you really believe, that you will demonstrate. Beloved, now are we the sons of God, and it doth not yet appear what we shall be ... (1 John — Emmet Fox

Exposition is a mode of thought, a method of learning, and a means of expression. Almost all of the characteristics we associate with mature discourse were amplified by typography, which has the strongest possible bias toward exposition: a sophisticated ability to think conceptually, deductively and sequentially; a high valuation of reason and order; an abhorrence of contradiction; a large capacity for detachment and objectivity; and a tolerance for delayed response. — Neil Postman

The true end users of Facebook are the marketers who want to reach and influence us. They are Facebook's paying customers; we are the product. And we are its workers. The countless hours that we - and the young, particularly - spend on our profiles are the unpaid labor on which Facebook justifies its stock valuation. — Douglas Rushkoff

I believe that oligarchy follows next in order. And what manner of government do you term oligarchy? A government resting on a valuation of property, in which the rich have power and the poor man is deprived of it. I — Plato

I am not naive enough to settle for anything less than a reasonable valuation of my worth. — Roy Keane

The ideal form of common stock analysis leads to a valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase. — Benjamin Graham

It's not new, our valuation of young female people for how they can serve, satisfy, and satiate. Our girls are both the platter and the meal, and we eat them up--we eat their meat, we lap up their sweetness, we covet and control and consume. — Elana K. Arnold

Our current moral understanding does not seek to balance the interests of a woman not to be raped, the interests of the men who may wish to rape her, and the interests of the husband and fathers who want to monopolize her sexuality. In an upending of the traditional valuation, the woman's ownership of her body counts for everything, and the interests of all other claimants count for nothing. — Steven Pinker

Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community.
Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one. — Ludwig Von Mises

Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit. — George Soros

The world is terribly apt to take people at their own valuation. — Amelia B. Edwards

I do not like measuring using soft indicators, like RTs or likes. I prefer the hardcore financial values. The ISO 10668:2010 is an international valuation standard that is very valuable if you are interested in how to measure a brand. — F. Marco-Serrano

But at least one thing was unquestionably new: the valuation of the fulfillment of duty in worldly affairs as the highest form which the moral activity of the individual could assume. This — Max Weber

Given that all three of us were Londoners, we paused a moment to carry out the ritual of the "valuation of the property." I guessed that, given the area, it was at least a million and change. "Million and a half, easy," said Carey. "More," said Guleed. "If it's freehold. — Ben Aaronovitch

It is a good idea sometimes to think of the importance and dignity of our every-day duties. It keeps them from being so tiresome; besides, others are apt take us at our own valuation. — Laura Ingalls Wilder

Since World War II, Japan has spawned enormous numbers of new religions featuring the supernatural ... In Thailand, diseases are treated with pills manufactured from pulverized sacred Scripture. Witches are today being burned in South Africa ... The worldwide TM [Transcendental Meditation] organization has an estimated valuation of $3 billion. For a fee, they promise to make you invisible, to enable you to fly. — Carl Sagan

I think modern education over-emphasizes the intellect. I suppose that comes from the scientific trend of the times. You cannot obtain a useful citizen if you only develop his intellect. We take children from their parents because these cannot give them an intellectual training. So far, good. But we fail to give them that training in character which parents alone can give. Home influence, as Grace Aguilar conceived it where has it gone? It strikes me that this is a grave danger for the future. We are rearing up a brood of crafty egoists, a generation whose earliest recollections are those of getting something for nothing from the State.
I am inclined to trace our present social unrest to this over-valuation of the intellect. It hardens the heart and blights all generous impulses. What is going to replace the home, Mr. Keith? — Norman Douglas

Sometimes management thinks it must determine a minimum acceptable price upfront. This is not possible when selling an intangible company. The price, the real price, is determined by the market and not by any other means. I suggest to sellers that they not worry so much about the valuation right now but rather that we go out to the market, contact all the good buyers, get offers, and negotiate the best price that we can and then accept the highest offer. People — Thomas Metz

Everyone thinks Goldman is so fucking smart," he railed. "Just because Goldman says this is the right valuation, you shouldn't assume it's correct just because Goldman said it. My brother works at Goldman, and he's an idiot! — Andrew Ross Sorkin

To know whether stocks are cheap or pricey, we typically look at price-to-earnings ratio. Valuation is a tougher question than many folks realize. — Barry Ritholtz

Uber, which raised $1.2 billion this month at a valuation of $40 billion, said in August it had sought a legal opinion and that its Seoul service obeys the law. Opposition to its operations is down to outdated regulations that precede smartphone and wireless technology, Allen Penn, the company's head of Asia, told reporters at the time. Paid transportation with unregistered vehicles is "clearly illegal activity," South Korea's Ministry of Land, Infrastructure and Transport said later that month. The maximum penalty for Uber's alleged legal violation is a two-year prison sentence or a fine of nearly $20,000, Yonhap News reported Wednesday. — Anonymous

A person's sexual choice is the result and sum of their fundamental convictions. Tell me what a person finds sexually attractive and I will tell you their entire philosophy of life. Show me the person they sleep with and I will tell you their valuation of themselves. No matter what corruption they're taught about the virtue of selflessness, sex is the most profoundly selfish of all acts, an act which they cannot perform for any motive but their own enjoyment — Ayn Rand

We are not so brazen as to believe that we can perfectly calibrate valuation; determining risk and return for any investment remains an art not an exact science — Seth Klarman

The essence of the this-time-is-different syndrome is ... rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learned from past mistakes. The old rules of valuation no longer apply. Unfortunately, a highly leveraged economy can unwittingly be sitting with its back at the edge of a financial cliff for many years before chance and circumstance provoke a crisis of confidence that pushes it off. — Carmen Reinhart

War and peace type products ... cannot be added into a national product total until the differences in the valuation due to differences in the institutional mechanisms that determine their respective market prices are corrected for. — Simon Kuznets

Humans do not simply, innocently, and honestly disagree with each other about the good, the just, the right, the principles and applications of moral distinction and valuation, for they are already caught, like it or not, in a complex dynamic of each other's desires, recognition, power, and comparisons which not only relativizes moral distinctions and valuations, but makes them a constant and dangerous source of discord. — Gregory B. Sadler

When economics is regarded as 'the most important key to every lock of every door,' it is only natural that the worth of man should come to be decided largely, even wholly, by his effectiveness as an economic tool.8 This is at variance with the vision of a world where economic, political and social institutions work to serve man, instead of the other way round; where culture and development coalesce to create an environment in which human potential can be realized to the full. The differing views ultimately reflect differences in how the valuation of the various components of the social and national entity are made; how such basic concepts as poverty, progress, culture, freedom, democracy and human rights are defined and, of crucial importance, who has the power to determine such values and definitions. The — Suu Kyi, Aung San

Having one's image, and effectively, life, democratized, dehumanizes and sometimes objectifies it into an entertainment product. What sort of valuation of the ego would one have once you've let it been preyed upon by the public for years and years? Perhaps, it becomes truly just skin and bones. — Jack Gleeson

Allowing short selling is allowing people to sell - instead of having to buy the stock and then sell it, which doesn't do much; allow them to sell it, and then buy it. In which case they can express that information and the idea is that you would get more accurate valuation of companies by letting people express both their positive information and their negative information through either long or short selling. — Robert F. Engle

Private enterprise in the history of civilization has never led large, expensive, dangerous projects with unknown risks. That has never happened because when you combine all these factors, you cannot create a capital market valuation of that activity. — Neil DeGrasse Tyson

The latest trade of a security creates a dangerous illusion that its market price approximates its true value. This mirage is especially dangerous during periods of market exuberance. The concept of "private market value" as an anchor to the proper valuation of a business can also be greatly skewed during ebullient times and should always be considered with a healthy degree of skepticism. — Seth Klarman

A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which do not really make much difference to the prospective yield; since there will be no strong roots of conviction to hold it steady. — John Maynard Keynes

The hallucination of separateness prevents one from seeing that to cherish the ego is to cherish misery. We do not realize that our so-called love and concern for the individual is simply the other face of our own fear of death or rejection. In his exaggerated valuation of separate identity, the personal ego is sawing off the branch on which he is sitting, and then getting more and more anxious about the coming crash! — Alan Watts

The life-cycle valuation model is uniquely useful to investors seeking excess returns as well as to corporate managements and boards that need a valuation compass to guide decision making. Figure — Bartley J Madden

When sex desire arises, one simply pays total attention to it, not judging, not saying this is good or bad not saying this is evil, not saying that this is a provocation from the devil. No - no evaluation at all because all valuation belongs to the mind and witnessing is not of the mind. Good, bad - distinctions all belong to the mind, and the witnessing is undivided, one. It is neither good nor bad, it simply is. One pays attention to hunger or to the sex desire, total attention - and total attention is such an energy, it is fire-the hunger simply is burned, the sex desire is simply burned. — Rajneesh

I do not believe that a moral philosophy can ever be founded on a scientific basis. ... The valuation of life and all its nobler expressions can only come out of the soul's yearning toward its own destiny. Every attempt to reduce ethics to scientific formulas must fail. Of that I am perfectly convinced. — Albert Einstein

WhatsApp will bring Facebook another billion users. We will be a billion-user product. Whether there is a direct valuation or an indirect valuation, there is value, and Facebook understands that well. — Brian Acton

She had liked him for himself, that was indisputable. And yet, much as she had liked him she had liked the bourgeois standard of valuation more. — Jack London

The stronghold of the contemplation of Christ's glory affords the soul rest, for it will be made evident that our troubles grow on the root of an over-valuation of temporal things. The mind is its own greatest troubler. — John Owen

Be greedy when others are fearful and fearful when others are greedy.' Easier said than done for the vast majority of stock traders ... On every stock trade there is someone who wants to sell and someone who wants to buy, at least at a particular price ... the person who is selling thinks that she is getting out just in time while the person buying thinks that he is about to make good money.
... The truth is that the market doesn't really reflect some magical perfect valuation of a stock under the efficient market hypothesis. It reflects the mass consensus of how actual individual investors value the stock. It is the sum total of everyone's hopes and fears ... — M.E. Thomas

Valuation is vague and arbitrary, when there is no assurance that it will be generally acquiesced in by others. — Jean-Baptiste Say

Selling, in particular, can be a challenge; many investors are tempted to become more optimistic when a security is performing well. This temptation must be resisted; tax considerations aside, when a security reaches full valuation, there is no longer a reason to own it. — Seth Klarman

In market valuation, Yahoo is worth about as much Walt Disney and the News Corporation combined. — Alex Berenson

What do you think your valuation is right now? Mark asked as they both sat uncomfortably across from and below him, peering up at a boy who could, hypothetically speaking, quite happily buy them or murder them, all with the same exact expression on his face. — Nick Bilton

Freud wrote that love involves the undervaluation of reality and the overvaluation of the desired object. While the correct valuation of a person is an odd, if not impossible idea, we might say Freud meant something like this: for various reasons, many of them masochistic, we become involved with others who cannot possibly give what we ask for; we can wait as long as we wish, but they do not have it, and one day, if we bear to abandon our fantasy and see clearly, we might face reality straight on. We will then look elsewhere for fulfillment, to a place where our needs can, in fact, be satisfied. — Hanif Kureishi

Man rarely places a proper valuation upon his womankind, at least not until deprived of them. — Jack London

Valuation depends on several factors. From an investor angle, they look at leadership position, management, and what the company's offerings are. I think these three things got 5/5 for a company like Flipkart, and that is what is driving valuations and growth. — Sachin Bansal

Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment. — Ben Horowitz

As every bookie knows instinctively, a number such as reliability - a qualitative rather than a quantitative measure - is needed to make the valuation of information practically useful. — Hans Christian Von Baeyer

There's a certain degree of speculation that goes into valuations. In so far as the market supports a valuation, everyone who gets a great one deserves it, but they should also be cautious because that speculation is temporary. I saw Yahoo go from $100 billion to $10 billion. It's not a long-term measure. — Brian Acton

What was to be the value of the long looked forward to,
Long hoped for calm, the autumnal serenity
And the wisdom of age? Had they deceived us
Or deceived themselves, the quiet-voiced elders,
Bequeathing us merely a receipt for deceit?
The serenity only a deliberate hebetude,
The wisdom only the knowledge of dead secrets
Useless in the darkness into which they peered
Or from which they turned their eyes. There is, it seems to us,
At best, only a limited value
In the knowledge derived from experience.
The knowledge imposes a pattern, and falsifies,
For the pattern is new in every moment
And every moment is a new and shocking
Valuation of all we have been. We are only undeceived
Of that which, deceiving, could no longer harm. — T. S. Eliot

In a market economy, a main determinant of social standing is participation in the labor market and the associated willingness to 'self-commodify' (e.g., Esping-Andersen 1999), the latter term nicely emphasizing how market economies render all forms of worth, even self-worth, a function of market valuation. When individuals fail to self-commodify, they fall outside the most fundamental institutions of the society, thereby reducing them to nonentities and social ciphers. This is why a mere transfer of income to the underclass... is inconsequential in relieving feelings of social exclusion. If anything, such a transfer only draws attention to the initial failure to self-commodify. although a class map also embodies distinctions of social standing among those who have an enduring commitment to the labor market, the social divide between the underclass and all other classes looms especially large because it captures this fundamental insider-outsider distinction. — Ravi Kanbur

The truth is that the market doesn't really reflect some magical perfect valuation of a stock under the efficient market hypothesis. It reflects the mass consensus of how actual individual investors value the stock. It is the sum total of everyone's hopes and fears about what a company is capable of doing. — M.E. Thomas

The boom was healthy too, even with its excesses. Because what this incredible valuation craze did was draw untold sums of billions of dollars into building the Internet infrastructure. The hundreds of billions of dollars that got invested in telecommunications, for example. — Andy Grove

They [Chinese] have very smart, experienced people. I don't want to paint them all with the same brush. There was a little bit of a feeling that the stock market, which went from something like $4 trillion in valuation to $10 trillion, that the Chinese wanted that. — Jamie Dimon

The great shift ... is the movement away from the value-laden languages of ... the "humanities," and toward the ostensibly value-neutral languages of the "sciences." This attempt to escape from, or to deny, valuation is ... especially important in psychology ... and the so-called social sciences. Indeed, one could go so far as to say that the specialized languages of these disciplines serve virtually no other purpose than to conceal valuation behind an ostensibly scientific and therefore nonvaluational semantic screen. — Thomas Szasz

Nothing turns off an investor more than when an entrepreneur comes in with a ridiculous valuation. — Kevin Harrington

The more evident it is that a certain company is going to become the market leader in a big market space, then the higher the valuation goes because the risk has been dramatically reduced. — Audrey MacLean

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation. — Warren Buffett

In an era of endless innovation and constant disruption, what is any company really worth? How does a startup determine its valuation? — Jay Samit

If you have information that a company is not as good as its stock market valuation, you don't have a way to sell that stock unless you already own it. And so that information doesn't get incorporated in the company's stock price as fast if you don't allow short selling. — Robert F. Engle

Tell me what a person finds sexually attractive and I will tell you their entire philosophy of life. Show me the person they sleep with and I will tell you their valuation of themselves. — Ayn Rand

The conception of perfect service is constantly expanding and must be handled by broad and liberal minded men who put equity and fairness above gain-who put a proper valuation upon a satisfied customer as an asset running into the thousands of dollars, and who love a job thoroughly well done and get a kick out of doing it. — Alvan Macauley

It's a complex fate, being an American, and one of the responsibilities it entails is fighting against a superstitious valuation of Europe. — Henry James

But these dear boys and girls
there is, something to be made out of them. If now they yield themselves to Christ they may have a long, happy, and holy day before them in which they may serve God with all then hearts. Who knows what glory God may have of them? Heathen lands may call them blessed. Whole nations may be enlightened by them. O brethren and sisters, let us estimate children at their true valuation, and we shall not keep them back, but we shall be eager to lead them to Jesus at once. — Charles Spurgeon

I don't care if Facebook's valuation goes to one gillion. It can go so high we have to make up numbers. It is still not a bubble because there is still not another Facebook in the pipeline. — Sarah Lacy

Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn. — Seth Klarman

The dreamer's valuation of a thing lost - not another man's - is the only standard to measure it by, and his grief for it makes it large and great and fine, and is worthy of our reverence in all cases. — Mark Twain