>Boom & bust cycles are driven by the fundamental difficulty of quantifying value. Since there is no true value I disagree with this statement. Although I do a

>Boom & bust cycles are driven by the fundamental difficulty of quantifying value. Since there is no true value I disagree with this statement. Although I do agree that it is hard to quantify or even estimate value, all things do have a true intrinsic value relative to the utility they can provide human beings. Entire empires have been built based on the concept of intrinsic value. Berkshire Hathaway is probably the most famous.