"Bubbles are best identified by credit excesses, not valuation excesses," he said in a recent appearance on CNBC.
“信用过剩而不是价值过剩最好的说明了泡沫的存在，”他最近在CNBC(美国全国广播公司财经频道)说。
If you are selling your property, why not call us for a free valuation without obligation.
如果你打算出售房产，为什么不打电话让我们做个免费的评估呢。
I've got some hard thinking to do on valuation yet, and I'm not sure that I've caught all the big fish in this business.
我还在绞尽脑汁来对它们作评估，我也没有肯定抓到了这个行业的大鱼。
A more accurate valuation will not be known until Facebook's board decides to venture towards a stock market float.
更准确的估价恐怕要等到Facebook的董事会决定如何面对股市动荡中的风险时才能见分晓。
Morgan Stanley USES only four models to estimate the yuan's fair value, of which the median valuation suggests it is only 1% undervalued against the dollar-not the answer Congress wants.
摩根·斯坦利只用了4个模型来评估人民币的公平价值，其中间估值显示人民币相对于美元的低估水平只有1%——这可不是国会想要的答案。
Of course, valuation is not the only factor that drives markets, as became clear during the dotcom bubble.
当然，估值并不是驱动股市的唯一因素，这在网络股泡沫是变得十分清楚。
This was not a problem for the startups; by definition a high valuation means enough investors were willing to accept it.
这不是创业公司的问题，根据定义高估值意味着足够多的投资者愿意接受它。
But reaching a sensible valuation of the two marques, which Ford says must be sold together because their operations have become so tightly integrated, is not proving easy.
福特要求两个品牌一起出售因为它们的运营早已紧密地结合在一起，但对两个品牌的合理报价取得共识并不是件简单的事。
If we are to believe Modigliani and Miller, firm valuation is not determined by whether the firm is capitalized by debt or equity.
如果我们信任夸张变形的手法的话，机构的估值并不会因为时候采用债务或股份来评估而发生改变。
"While we aren't predicting the outcome, the liability risk is not zero, and we believe investors should be compensated with a discount valuation before investing in this stock," analysts said.
“我们并非预测结果，但是责任风险并非为零，而且我们认为投资者在买这支股票前会对此要求一个折扣补偿”，分析师说。
In theory, a higher standard of corporate-governance should result in a higher valuation, since listing in a well-regulated market shows a commitment from a company that it will not abuse investors.
理论上讲，公司治理标准越高，公司估价就越高，因为在规则健全的市场上市，公司受规则约束，不会滥用投资者。
Unfortunately, bagging a higher valuation is not always as easy as listing on a different exchange.
不幸的是，获取更高的估价并非永远象异地上市那么简单。
The company may not take the highest valuation offered -it limits potential exits and makes hiring harder.
公司似乎不会拿最大的那单，因为那份限制了潜在的退出机制，而且雇佣条款很苛刻。
This week, Mr Sarkozy said that "France does not want to challenge the dollar" and did not even mention the yuan's valuation.
本周，萨科奇先生说“法国无意挑战美元”，同时对人民币的升值问题只字不提。
It is not too hard to make the case that this valuation puts LinkedIn and its social networking peers firmly in bubble territory.
由此不难得出结论，这样的估值让LinkedIn和其他社交网站稳居于泡沫之中。
This is not a valuation issue.
这不是一个估值的问题。
The valuation is actually a derived number and does not really mean anything about what the business is “worth.”
这个时候，企业价值不过就是个根据持股比例倒算出来的数字而已，并不意味着公司“值”多少钱。
If you go two to three years back, auditors were not communicating with valuers until late in the valuation process.
如果回顾两至三年前，审计师并不和评估师沟通，直到最近的评估程序。
Yet plainly she did not accept them at his own valuation.
然而显而易见，她并没有照他自己的估价接受这一切。
But reaching a sensible valuation of the two marques which ford says must be sold together because their operations have become so tightly integrated is not proving easy.
福特要求两个品牌一起出售因为它们的运营早已紧密地结合在一起，但对两个品牌的合理报价取得共识并不是件简单的事。
Some companies do not use any valuation allowance for accounts receivable,.
有些公司不用任何应收账款的备抵法。
It's simply to say that managers and investors alike must understand that accounting Numbers are the beginning, not the end, of business valuation.
这只是说经理人和投资者们必须理解，会计数字只是商业估值的开始，而不是结束。
Secondly, the current valuation of the stock, the general is not so cheap.
其次，就目前股票的估值而言，普遍已经不那么便宜。
But now in China, the theories and methods of human capital valuation are faultiness, and these is not a unified operating standard.
然而，当前我国企业人力资本价值评估的理论、方法还不成熟，也没有统一的操作标准。
The valuation of results was not timely feedback, displaying the results wasn't scientific.
评价结果反馈不及时，结果的呈现方式不科学。
Although the stock market after six months of decline, a shares have gradually current valuation reasonable, but not a strong appeal to the interval.
虽然股市经过大半年的下跌，A股当前估值已逐渐合理，但还没有到具有强吸引力的区间。
Problem is not the case, even the valuation of CITIC Securities is also the industry Different voices.
问题并非如此，即使是中信证券的估价也是行业不同的声音。
Problem is not the case, even the valuation of CITIC Securities is also the industry Different voices.
问题并非如此，即使是中信证券的估价也是行业不同的声音。
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