That's inefficient.

We only burn up a small amount of the uranium that's in there, we take it out and we stick it in a spent fuel pool.

We can't do that today because solar panels are heavy, expensive and very inefficient.

This has 10 characters. It is way too long.

I mean, people didn't build iPods for 10,000 dollars 10 years ago.

Maybe it goes to 2 in 2010.

This is 2009 estimates.

let's compare that with a number I've just mentioned.

And I think you already get the sense that the lower the

And B is expected to make 4 per share.

Why wouldn't I just pour all of my money?

He's efficient, he's precise.

(Laughter)

And that would happen very quickly in today's public markets.

You're making 10 , and that's just to connect the dots.

For nonconformity.

If some people cut back on oil use, the reduced demand will drive down the price, allowing others to buy it for less.

That was a bit of a diversion.

And let's say Company B made 5 per share. 5 EPS, Earnings Per Share.

And here the story is fairly simple.

Today it's less than 50 cents a day.

It was 10.

So it has a Price to Earnings of 50.

Then auctions like eBay are another example of dynamic pricing.

Are there ways of organizing your computation so that it is efficient in terms of the amount of power that it uses.

Because you're getting the same earnings for a lower price.

And the earnings on the bank account in that year were 200.

Fish farms pollute most of them do anyway and they're inefficient.

Obviously a 6 Price to Earnings of 20 times 2013 earnings isn't as good as a 6 Price to Earnings of 2010, because earnings in the future aren't worth as much as earnings today.

Price to Earnings is 1.75 divided by 0.35, would now be a 5 Price to Earnings.

Anyway, I want to leave you there.

And you're going to pay a lower Price to Earnings ratio if the company isn't growing.

Price

Admittedly, trying to capture all of these effects leads to a lot of work and possibly inefficient shaders.

And that's the real big take away I wanted you to get at, is that high utilization of anything, of our aggregate capacity, prices will increase.

Now, this notion of efficiency is actually very important to think about.

Another opportunity might be to take the one that is worth the most, kind of ignoring what it weighs .

I needed tools that were robust, modular, highly efficient and optimized,

It sounds very important, right?

There's another way to look at this types of value propositions, kind of as a Venn diagram.

One is, you could kind of flip this.

And when I say we, I really mean the computer program.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

However, especially where regulators are now instead rewarding cutting your bills, the investments are shifting radically toward efficiency, demand response, cogeneration, renewables and ways to knit them all together reliably with less transmission and little or no bulk electricity storage.

They are generally slow.