Our interests clash with theirs.

Minus 500,000.

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.

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

Before Interest and Taxes.

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

There is no doubt about what they have done.

War does have its benefits...

And then if you subtract your costs from your revenue, or if you just add these two numbers, because this one is negative, you have your gross profit.

Even if it benefited the publishers, it was a creative right and author's right.

There are also real business benefits.

And this is the profit from the operations of the company, or you could say from the assets or from the business or from the enterprise of the company.

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.

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

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.

We don't make money at these damn shows.

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

And you'll hear these numbers, gross and operating profit and net profit and pretax profit, and it's very hard to understand that these are actually very, very different things, because they all have the word profit, and what does gross and operating and all that mean?

Why isn't it on every poster across the third world?

And we had no expenses in that month.

So this is the operating profit. This is the money that just comes out of the asset itself.

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

Let me write that.

I'll just abbreviate that as Nl.

A lot of times in the popular press.

Go ahead, eat.

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

This was interest. This was non op income.

This guy makes what is this?

And then I was left with 1 million.

And that's what these brands did.

And that's my dad found that.

But what do you do when the two come into conflict and you're forced to make a decision that either is in Britain's interest, or the interest of Britons, or citizens elsewhere in the world?

And then I'll do a more philosophical video on why these things even exist, and why they're useful, and why people may benefit or may not benefit from these things.

People tend to place a much higher value on losses than on gains.

So EBlT, I kind of view that it goes backwards.

So now look at the different lens.

No one wants it to go off.

That's what it is generating.

You'll see this TTM sometimes.

They allotted the profits fairly.

And so I had a total expense or total cost of goods sold of 1 million.

They obtained a yield of 8 percent on their investment.