01 · meaning≈
Not a first price.
A second look.
Nothing keeps its value by standing still. Currencies, assets, ideas and decisions all wait for their next reading. To revaluate is to take that reading on purpose.
| (a) | To assess again; to reconsider the worth of something. |
| (b) | To change the official value of a currency or an asset. |
| (c) | To revise a judgment in the light of new evidence. |
02 · origin∑
A root that weighs.
re- + valere = worth, again
Latin re-, “again”, and valere, “to be strong, to be worth”, reaching English through Old French value. The same root still carries weight in:
valuevalidvalourevaluateequivalentprevail
03 · in practice↗
“Price is what you pay. Value is what you get.”a saying of markets
Markets revaluate every second. Models revaluate with every new datum. Good judgment, human or machine, is simply the habit of revaluating well.