&quot;Intrinsic value&quot; is not a term I made up.<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Intrinsic_theory_of_value" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Intrinsic_theory_of_value</a><p>Warren Buffett built his entire BRK empire around this concept.<p>The word &quot;value&quot; in some academic settings is used as a thing that is contextual and subjective, but in daily conversation, if I said the value of a bag of peanuts was a billion dollars people will think I&#x27;m crazy.<p>Due to that fact alone, one can assume that in typical conversation, employment of the word &quot;value&quot; refers to &quot;intrinsic value&quot; rather than the &quot;subjective value&quot;