>I'm not really seeing much of a difference ? There is risk in everything...If you can't afford to lose, then don't bet? The difference is that intrinsic value

>I'm not really seeing much of a difference ? There is risk in everything...If you can't afford to lose, then don't bet? The difference is that intrinsic value provides a floor for potential losses and therefore reduces risk. If you can't understand why a worst case scenario of losing 20% of your investment is better than a worst case scenario of losing 100% of your investment, then I don't think you and I are going to have any constructive discussions about investing.