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An early chapter looks at two "lost capitals": Prague, seat of the oldest German-speaking university, and Königsberg, the city of philosopher Immanuel Kant, today Russian Kaliningrad, both reminders of the centuries-long German presence in central and eastern Europe.
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For pension funds and other investors, they represent lost capital and lower future earnings.
In that case, would you not go to court to recover your lost capital?
Or money-losing hedge-fund managers: rather than try to earn back their investors' lost capital, they start new funds so they can rake in fresh incentives.
As one would expect, rich countries with high-quality institutions and populations with high levels of human and social capital recover more quickly, and are most likely to intelligently allocate resources toward improvements over lost capital stock and infrastructure.
But as the housing market collapsed, and people couldn't cover their mortgages or sell their houses, the bonds lost value and, therefore, the banks that held them lost capital, and the whole pyramid started to crumble.
As these mortgages would be guaranteed by the Treasury, they would suddenly be assessed, on bank balance sheets, at their original value — and a significant amount of the banks' lost capital would be restored.
Breaking the bonds even for a short period makes regaining the lost capital expensive.
There are many more public companies that have lost capital and filed for bankruptcy.
And that's the pattern: Brysam has not lost capital or made any changes to its charter.
For what it's worth, investors who are board members pay for those mistakes, and the price occasionally transcends lost capital alone.
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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