So the value is going up.

And they're going to make fancy computer models with some assumptions.

And we'll talk a little bit more about assets and enterprise value, and there's a little bit of a nuance there, but essentially the company itself.

So this is the more formal definition of GDP

So the bottom line is what the banks do, other than doing all the legal work.

We need everyone at the table.

Construct a Numeric Value

The consumer is demanding it.

That would be in its own file that has a functions related to art.

Let's say it's um let's say its 10 billion of commercial mortgages.

I don't call myself an industrial designer because I'm other things.

Allow automatic saving of your work

Let me tell you about a truly magical algorithm called value iteration.

We tend to, all of us even those of us who work in marketing to think of value in two ways.

When considering future claims of amazing new fuels or inventions, ask

unable to create work area

This rainfall cycle, this rainfall factory, effectively feeds an agricultural economy of the order of 240 billion dollars worth in Latin America.

When this came out on television, the value of her art dropped to nothing.

I'll give you some examples.

The only time you know that you have something that's worth investing your time and money in is if people are literally trying to force their money on you or can't use your product even in its buggy, uninitialized form enough.

What is it that's worth spending my time on and my life on in this way?

And this value, this is called a well in general, whenever you're valuing anything, it's called a valuation.

We said, Well hey, we understand how to build products.

You're gonna make more money if a crop fails.

Set here the creation date of intellectual content.

It is estimated that all kinds of illegal wildlife trade in Brazil withdraw from nature almost 38 million animals every year, a business worth almost two billion dollars.

One of them creates, perhaps, the primary product the thing we think we're paying for the other one creates a context within which we can enjoy and appreciate that product.

But, actually, it's suddenly come to me after years working in the business, that what we create in advertising, which is intangible value you might call it perceived value, you might call it badge value, subjective value, intangible value of some kind gets rather a bad rap.

Within a year, you do a survey and then commercial fishing begins.

I TiVo stuff on my piece of junk Time Warner DVR all the time. (Laughter)

I TiVo stuff on my piece of junk Time Warner DVR all the time.

You'd end up with a negative utility.

There's a new set of values, a new set of things people value.

It will make longer lasting products.

Set here the creation time of intellectual content.

Not so in Italy.

Well, what the market is saying in this situation, and this is actually what tends to happen where the market value or in general the market value of a company tends to be higher than the book value, is that the company is saying that this company has some type of intangibles, things that you really can't put a finger on, or touch or feel or hold.

So let's make a table here to see how quickly this thing grows, and maybe we'll graph it as well.

The worth of a state, in the long run, is the worth of the individuals composing it.

But you're selling to somebody who's building an entire telephone switching network and this system integrator would take your component, your switches and routers, and actually build out a system that includes devices from other companies and they add some value added software and additional hardware and create an entire system for an end user.

Because the alternative to pricing on cost is pricing on value.

I mean that always happens with media, full stop.

You're making good margins.

This improves over the existing value.

And at the end of 2010, probably because the patent is now expired and anyone can go out and produce whatever that invention that was patented without having the patent, we then say that the patent is worthless.