It was an attempt to distinguish between how people actually value something and how you think it should be valued, now or in the future, based on the information you're taking into account in your own evaluation.
People like Schiff extend this to mean "ability to be used for something else" which is obviously bs. If something has a monetary premium who cares that it has a value of 1% of that for some other use.
Stupid word that we don't need, imo.
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People who never read, but like quoting "the intelligent investor" use this word constantly 🤣🤪
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I feel embarrassed for ever reading a book recommended by Warren Muppet
It can feel that way at times but then I remember it's one of the many reasons I found Bitcoin for what it is today, not some illusory future.
