Bitcoin or Gold? Oaktree’s Howard Marks Sees Little Difference
Merryn Talks Money
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Differentiating Between Investments with Intrinsic Value and Those Without
This chapter explores the distinction between investments with intrinsic value, like stocks and real estate, and those without intrinsic value, such as cryptocurrencies. It highlights that while assets with intrinsic value can be assessed and acquired based on a discount from intrinsic value, assets without intrinsic value depend solely on price appreciation.
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