McGoun, Elton G. - In: International Journal of Monetary Economics and Finance 1 (2007) 1, pp. 45-56
This paper identifies three 'folk' arguments for an intrinsic value implicit in the finance literature. The 'hindsight' argument states that if financial assets eventually have a value in the form of realised cash flows, then this reveals an intrinsic value that was always there. The...
