However, we consistently overestimate the dangers and undervalue the benefits we obtain by living in a complex society. |
In those circumstances, allegations such as those relating to alleged sale at an undervalue ought never perhaps to have been made. |
But in celebrating genius, we willy-nilly undervalue, even devalue, the importance of effort, and with serious consequences. |
Subsequently the executrix discovered that an asset of the deceased had during his life been sold at an undervalue. |
If he sells at an undervalue he is entitled to recover the loss from the auditor. |
The key attraction of a Fallen Angels approach to investing is that markets can overvalue winners and undervalue losers from the past. |