Go ahead, eat.

Also, in the interest of security and public safety...

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

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.

A lot of times in the popular press.

We'll see how to use cryptography to manage passwords, and user accounts.

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

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

So that's a little bit of a taste of why someone might realistically, in this case, pay a higher Price to Earnings for safety.

Minus 500,000.

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.

And so you can already imagine that both EBlT and the way I defined it initially, operating profit divided by assets.

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

He was a good another.

He's not available. He has a steady job now.

Kill the goose that lays the golden eggs.

You got him stabilized?

I'll just abbreviate that as Nl.

But the point of this is, even though their business is ultra stable, they do the exact same thing every year, when we look at the pre tax or the operating income, or if we tax it, or even at the net income, we see a super lumpy business, because in one year they lost 100,000.

And that's what these brands did.

And that's my dad found that.

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

Our interests clash with theirs.

And so I actually raised prices.

This will be difficult.

Fair enough.

All they care about is profits.

Steady as a rock

Let me write that.

No gains without pains.

The reason this is happening boils down, in my mind, to one basic problem, which is our inability to perceive the difference between public benefits and private profits.

Raise up your wheel. Steady!

We know how much it takes to build our product.

They allotted the profits fairly.

He claimed his share of the profits.

The taxes will be 153,000.

I'm not a charity commissioner.

A benefit to both our worlds.

There is no doubt about what they have done.

We had marginal profit I did.

War does have its benefits...

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

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

So ask yourself Who shall we trust to control cyberspace?