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Bob Monks, a veteran corporate-governance reformer, calls them the "enablers of excess".To see why, think of a manager who owns options in a company that is heavily overvalued.
The most lucrative trade of all is in petrol: Venezuela's energy minister, Rafael Ramírez, reckons the equivalent of 100,000 barrels a day of oil is smuggled out of the country.The cause is a battery of state subsidies and price controls in place in Venezuela, which also maintains a heavily overvalued currency.
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"In short, the present was overvalued and the future heavily discounted".
"Compensation schemes overvalued the present and heavily discounted the future, encouraging imprudent risk taking and short-termism," he said.
The same frothy market conditions that allowed Indian firms to borrow heavily offshore also meant that their targets were overvalued.
I tend to stay away from direct investments in areas where charts look like parabolic curves, investments that are heavily advertised on TV, investments that everyone thinks are the best thing in the world, investments that appear highly overvalued.
"It was gloriously overvalued".
Are stocks overvalued?
Are tech stocks overvalued?
Punctuality is not overvalued.
Equities periodically get overvalued.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com