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Herzog isn't alone, of course, in valuing dreamers.
Standard practices in energy trading gave Enron considerable latitude in valuing deals.
But Chile was always considered especially conservative in valuing order and stability.
Under the new rules, the auditor may describe the difficulties in involved in valuing those securities.
Oddly, auditors do not routinely scrutinise reserve figures, despite their use in valuing oil companies.
The S.E.C. could pursue cases against individuals for their role in valuing the investments.
The executives continued to point to difficulties in valuing stock options accurately.
The big problem with this proposal comes in valuing the options.
Creon is not alone in valuing manmade laws above any other kind.
"You can assume that it has used magical thinking in valuing these assets," she said.
"Unfortunately, today's indictment ignores the difficult issues involved in valuing securities for which there is no marketplace of record".
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