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

Yep, that's right.

Minus 500,000.

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 we had no expenses in that month.

Company A made 1 per share. 1 of EPS.

Before Interest and Taxes.

Our interests clash with theirs.

So now look at the different lens.

And that's going to more than offset the payoffs that they need to give for the people who are just randomly ran accident or who die for whatever reason

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.

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

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

This is really important to pay attention to, because so many people say, oh, a company made this much.

So this is trailing 12 months earnings.

I'll just abbreviate that as Nl.

Go ahead, eat.

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

They obtained a yield of 8 percent on their investment.

All they care about is profits.

They've been good performers in profits and dividends.

There is no doubt about what they have done.

War does have its benefits...

No one wants it to go off.

That's what it is generating.

You'll see this TTM sometimes.

And so I had a total expense or total cost of goods sold of 1 million.

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.

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.

Are the profits exclusive of taxes?

He derived great benefit from the book.

Minus 50,000.

Ten percent of all future profits from his solo venture.

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.

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

Kill the goose that lays the golden eggs.

So what they do is they just take your earnings number and you divide by the number of shares.

The taxes will be 153,000.

I'm not a charity commissioner.

A benefit to both our worlds.

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

It's a special interest group?

There are also real business benefits.