This helped strengthen my faith that the idea of value had not been lost on all investors.
The idea of defining the value of the dollar in terms of the value of a fixed weight of gold is not a radical notion.
Since the idea of the value chain was first introduced, it has been taken in a number of different directions.
Keane says that just as many people have had specific pieces of furniture in their family for generations and have no intention of selling, while others still have no idea of the value of the furniture they own.
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Furthermore, those who pursue additional education for very defined goals (whether vocational, academic, etc.) certainly have some idea of the value of education: they know (or at least expect) actual benefits to accrue as a result of their study.
Mervyn Jacobson read about Simons' bumpy journey and was smitten with the idea of finding value in junk DNA. In 1989 they formed GeneType and applied for their first patent covering noncoding regions and HLA. In 2000 GeneType pulled off a reverse merger with a publicly traded Australian shell company that formerly mined for gold.
David Watt, of the Institute of Directors in Scotland, said he was receptive to the idea of rationalisation of the sector to ensure better value for money.
The idea of writing down the value of financial assets when the market for them is seriously impaired or doesn't exist is sheer folly.
The idea of a Public Value Test is to make a judgment about the value of the service, balanced against the rest of the market and any potential harm to competitors.
The idea of the Labor Theory of value fits perfectly with a world of cyclical futility.
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Without the big idea, it would never have seen the value of the small idea.
Toby Hartwell, managing director of The Folio Society said he liked the idea of "recognising literature of enduring value" and it seemed a "natural extension" of the business.
Firstly, we have a rough idea of what is the value of a statistical life.
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"We will need to wait until these children are at least two years of age to get an idea about the therapeutic value of the new operation, " he said.
First of all, companies should have at least a vague idea of how the data may be of value before spending money to store it.
Well, Sir Mervyn King will be relieved to hear that Wadhwani does not like the idea of targeting nominal GDP - the cash value of the economy - instead of inflation.
But he took to the idea of writing something of value to an underclass doomed to grow up illiterate.
They proceed along an S-shaped curve, with a few trail blazers lighting the way, followed every growing numbers of imitators who adopt the idea with its value demonstrated, but, then, a few laggards who for stupidity, pride, tradition, or whatever, hold on the methods that are outdated and unprofitable.
On the face of it, shareholder value is the dumbest idea in the world.
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The claim that it could replace all taxes is reminiscent of the proponents of Land Value Taxation, the idea that Henry George outlined in Progress and Poverty.
According to Gensler, there is value in the idea of a brand or individual striving to be an influential force in their respective field.
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The popular idea that a company is no more than the net present value of its future cash flow depends on guessing first what that cash flow is going to be, and then what future interest rates are going to be.
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He loves the idea of being productive and creating something of value for people.
But the world's Friedmanites have waged a relentless guerrilla war against the idea, denouncing it as a farrago of value-destroying nonsense.
The justification for paying such a significant premium is the idea that the acquiring firm will be able to get much more value out of the company than the seller does.
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The basic principle at work here is loss aversion: the idea that losing something has a stronger emotional impact than gaining something of the same value.
Senate leaders fear that path is a recipe for a slow death for the idea of comprehensive change, allowing for interest groups to cherry-pick the changes of most value to them while leaving other pieces behind.
The root cause of these errors is a focus on the dumbest idea in the world: maximizing shareholder value.
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We can bristle at the idea of chains and mass production, with their homogeneity, predictability, and constant genuflection to the value-for-money god.
One factor that makes indexing "a horrendous idea, " the renowned value investor Seth Klarman of Baupost Group argued earlier this year, is that hedge funds and others have long beaten the index funds to the punch on trades that the autopilot portfolios are forced to make.
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