And then another 12,500 on the books.

IS A LANGUAGE...

If a thing is worth doing it is worth doing badly.

That would have been the market value per share.

Or, there's another scenario where you say, oh well this one bank, maybe this isn't worth zero.

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.

And that's not my main complaint, that's worth mentioning.

So over here, let's say you did it right at the beginning of the year, the asset's worth 500,000.

Equity is what's left over. So let's say this is all book value.

You have 189,000 as the value of this equity.

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

Which is that, actually, first one, all value is actually relative.

You know, this is actually very hopeful.

What if there's actually negative equity here?

Do you have any idea what this is, buddy?

But also, why is there peace? Not just, what are we doing wrong?

In this case, you're saying that the equity in this company is worth 189,000.

Let me make the pointer smaller.

So that's what? 37,500.

And I'll do a bunch of videos on margins in the future.

This is 5 million.

Hopefully we added value.

This problem is worth discussing.

This problem deserves considering.

Is this worth anything?

Yet actually, whenever we talk about human rights, we do say that human rights are universal.

The only thing missing at the very end when I'm done,

So this is in 1 1 2005.

There's nothing else worth living for.

It's what we believe about people when we name them with these words.

And since we want to know what this is worth this is before we got any kind of money from investors this would be called a pre money valuation.

And when I say book value, that's just a fancy way of saying this is what our accountants say that we paid for the stuff.

Don't speak unless you have something worth saying.

No. Well, for what it's worth, Sister, I...

Now what's our mantra of this day and age I wonder?

It doesn't have value all by itself.

And one of the most salient elements of the Sardinian society is how they treat older people.

That's something like eight percent of the total agricultural output globally.

What's also interesting, if you look at products that have a high component of what you might call messaging value, a high component of intangible value, versus their intrinsic value

A think he's got 40,000, B thinks he has 30,000, so the perceived value here's 40,000 plus 30,000, 70,000 plus 20,000 is 90,000.

By applying this update equation recursively, we can attain this value function over here.

But there's a well defined expectation over any possible execution of the policy pi that is generic to each state and each policy pi.

This point deserves special emphasis.

They're saying, this is worth 210,000.

I don't care what the actual share price is.