So EBlT, I kind of view that it goes backwards.

We are assuming a very simple world, were the is no taxes, we have no debt, we have no intrest or things

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

Why isn't it on every poster across the third world?

And let's say, assume if I inherited this million dollars, I didn't finance it.

They buy more of your service and they tell more of their friends, which leads to more profit.

So cash could be an asset.

Minus 500,000.

And then I'll do a more philosophical video on why these things even exist, and why they're useful, and why people may benefit or may not benefit from these things.

And we had no expenses in that month.

And you'll hear these numbers, gross and operating profit and net profit and pretax profit, and it's very hard to understand that these are actually very, very different things, because they all have the word profit, and what does gross and operating and all that mean?

And when people talk about earnings of a company, this is what they're talking about.

And this is the profit from the operations of the company, or you could say from the assets or from the business or from the enterprise of the company.

So you've probably heard not only the term earnings, you've probably also heard the term earnings per share.

So it will benefit, because you are discounting some of the cash payments.

So that's going to be 500,000 a year.

But again, fun is not enough.

No one wants it to go off.

France will, of course, keep its military bases in Mali.

It's a special interest group?

Our interests clash with theirs.

And then if you subtract your costs from your revenue, or if you just add these two numbers, because this one is negative, you have your gross profit.

All they care about is profits.

With trade, there's mutual interdependency and mutual gain between parties.

What's in it for the institution?

So most cash flow statements, they'll start so I'm going to do a cash flow statement right over here

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

Then the companies or those factories or whatever you want to think of them,

We know how much it takes to build our product.

They have to give permission to let the stock be borrowed, and they benefit, because they get some cut, hopefully, they get some cut of the rent, or the interest that I'm paying.

And so I actually raised prices.

These are the only people who really have, arguably the sophistication and the time and the monetary incentive to really look and scrutinize what management is doing.

And you might wonder, where does that come from?

In your country, there might be the equivalent of government fund.

If the cost to produce the item is 20, so the cost to produce an item is 20, what is the selling price that optimizes the yearly, the yearly, profit?

Kill the goose that lays the golden eggs.

It would absolutely bring more harm than good.

He sees profit in you, so he's with you

We don't make money at these damn shows.

Before Interest and Taxes.

It's good for everybody.

No pain, no gain.

But here you see it means very, very different things.

And I won't go into all of the details of an income statement, but any income statement you look at will have this operating profit line.