Remainder

Afterwards, we have about a dozen or so binary rules.

Blah, blah, blah, blah, blah the part here at the bottom is the most important

Either stolen or war surplus.

Energy is all around us, but we don't mean the current coming from the socket in your wall.

They decide what to do.

This can is from a surplus disposal run.

But we can also celebrate and support and reward the people trying to use cognitive surplus to create civic value.

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

Cannot calculate the remainder on 0.

That is the resource that I'm talking about.

Then Bob selects his private random number, say 13, and calculates

I know my law. DEVLlN

And a significant minority of those 500 million people

Old war surplus that he bought on his veteran training.

I wonder if it's worth it.

Okay? It's not valuable. You can't sell it anywhere.

The price of cabbage fell because of overproduction.

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?

Not so in Italy.

In the remaining time, I'd like to tell you two features of them.

Let me show you how.

Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix.

How is she gonna be valuable?

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

This is, I think, the range that matters.

A book worth reading is worth reading twice.

We just made it explicit.

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

Worth zilch.

It's worth twice as much.

It is.

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

So when we talk about the extra dimensions in string theory, it's not one extra dimension, as in the older ideas of Kaluza and Klein.

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

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

Next thing I learned from Steve Jobs is

How do I thank you all?

They are often quite egalitarian.

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

So in the last lecture, you remember the business model canvas, all the 9 components of a startup.

So this is real estate, or building.

This is 5 million.

But, are we comfortable with that?