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As for the markets' huge climb since 1982, Mr Siegel puts it down not to a vanishing risk premium but, more simply (and more plausibly), to the fact that shares were more undervalued in 1982 than at any previous time this century.The bears are not convinced.
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He was worth, easily, more than any player; his services were more substantially undervalued than those of any player he'd ever acquired.
Some smaller Asian currencies may be even more undervalued.
But it soon became clear that, in a society that traditionally had undervalued women, they were more motivated, and over the years their role and reputation began to change.
China's current-account surplus has risen from 4% of GDP in 2004 to 11% last year, so any gauge that defines the equilibrium exchange rate as the rate that would eliminate the surplus would suggest the yuan is now even more undervalued.
The Big Mac index put the yen close to fair value against the dollar in July; it is more than 19% undervalued now.
When a reputable venture firm leads two consecutive rounds of investment in a company, Andreessen told me, Thiel believes that that is "a screaming buy signal, and the bigger the markup on the last round the more undervalued the company is".
Clinical opportunistic screening has been undervalued and is more cost-effective than population screening.
As a rule of thumb the less well known the company, the more likely its stock is to be undervalued.
Undeniably, media was more straightforward then, but it was also shamefully undervalued.
Such costs can be more daunting in light of another fact: advertisers can undervalue the Hispanic market.
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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