For quite a long time Chisholm thought that the fundamental bearers of intrinsic value are states of affairs. He also thought that in some cases, the value of a state of affairs could be defeated by that state’s occurrence within some larger context. In this he seemed to be working out some ideas of Brentano and Moore. One of Chisholm’s most moving presentations of this view can be found in his Presidential Address before the Eastern Division of the American Philosphical Association titled “The Defeat of Good and Evil” (1968). Many of his ideas about defeat, enhancement, mitigation, and organic unities are further developed in Chapters 6, 7, and 8 of [B&amp;IV].