But I think the truth is the exact opposite.

That's essentially the market's sense of what this number really is.

Xigi is a new community site that's built by the community,

So 26 minus 23 is equal to 3.

If it had 10,000 shares, and actually both of the shoe companies had 10,000 shares, then the market is essentially valuing the equity of Ben's shoe company at 215,000, even though the book value of the equity was 135,000.

A debutante ball.

Because when the company needs to raise money, that is used as kind of the fair market value of a company's shares.

This market has hurt even the best of companies.

The mayor's having a fundraiser.

Remember, there's a difference between book value and market value.

The parent company, Wometco, is one of the strongest in the petroleum market.

Well, it's interesting.

We have three critical terms economy, civil society and the state.

This is my legacy.

So what you do is you multiply these numbers to figure out, what is the market value or the market capitalization of the company?

And that is the real network effect.

If things worked better because you actually had somebody organizing them, you had firms, if you wanted to be in the market or you had governments or sometimes larger non profits in the non market.

By applying the same price to earnings, we're saying that the market value of this equity is 210,000, while the market value of this equity is what was it? 189,000.

How are we going to do these attacks?

Another way to think about it is, if the market is paying 12 million per share, what's the market cap of the company?

And the rest of that story, you know.

Fan ducts for airliners.

Fake name, fake social.

Many firms are competing for the wealthier segment of the market.

So the third commandment I want to leave here tonight is, a city of the future has to be socially integrated.

Even if everyone at my firm has good skills, if the workers at the suppliers to my firm do not have good skills, my firm is going to be less competitive competing in national and international markets.

What do we learn from that?

Thorium policy in all western nations undermines the successful development of a domestic rare earth market.

And we've done our models, and we think this is a 5 billion market.

The company has branches in all large cities.

You want to identify who your customers and markets are, and you have, but you now want to size the market,

The firm has recently diversified its products so as to extend its market.

We can also integrate all kinds of advanced technology through this process.

So, yield management is actually pretty interesting based on experience, on time, etc.

But it always leaves behind that 10 percent or more that is most disadvantaged or unlucky.

The troll market! The troll market?

What we have at the bottom of that pyramid, I would say, are random social gatherings.

The company is turning to export markets to make up for a decline in domestic sales.

And the way you get that is, they're saying 3 a share and there are half a billion shares.

Valuation is just what you think it is, you know?

It's common. It's fresh.

We met at a certain place in the city.

We became citizens again.

So if I calculate it using you EBlT divided by assets, or operating profit divided by assets, if I use either of these as my metric for ROA and Company A has a 10 ROA and

I really do believe that it's a city that cares about its citizens, integrates socially its citizens.