It'll give you that 100.

And the employer was already going bankrupt. And we dared to take the company.

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

I thought that the chances of my living more than three years would not be more than five percent.

Not so in Italy.

In the last video, we figured out what is the present value of these three different payment timing choices.

I wonder if it's worth it.

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

The differed risk!

It's worth twice as much.

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.

But the present value, what does that mean?

But, are we comfortable with that?

A book worth reading is worth reading twice.

Aren't they worth a little risk?

And the fourth is people underestimate risks in situations they do control and overestimate them in situations they don't control.

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

This is 5 million.

The next element is the fact that

It's really not worth it.

Uncle stefan, this girl you came back for.

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

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

How is she gonna be valuable?

You can either live in a world which is poorer, which people in general don't like.

What if there's actually negative equity here?

We cannot rate the picture highly enough.

But to some degree a lot of what happened in the last five years, they weren't creating value, they were just

I think that's 10 shares. Well that's my intention.

I wouldn't give you two cents!

Sure. Just not your reality.

He is nothing!

A book not worth reading is not worth buying in the first place.

We just made it explicit.

Is it worth it?

There was risk.

And my brother and I were raised with all that you really need

Worth zilch.

It is.

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

Whatever is worth doing at all, is worth doing well.

Uniqueness on the vertical axis, value on a horizontal axis.

But the market value or assets is essentially, what is the market saying the assets are worth?

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

So according to the accounting, this equipment is no longer worth 500,000.