How could you have prices that kind of move?

Low Price to Earnings ratio implies that it's cheaper.

I could actually price on specific customer segments or on features I know they need.

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

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

It's not about low cost.

If you ever think about it, pricing that you negotiate yeah, we kind of have this price on paper, but that's just the starting point of the conversation.

And this is very relevant to what's going on in the world today.

It's the best price that someone's willing to give you for something.

It is traded.

And just so that we get some of the other details that we see here, this bid right here, this is what someone has explicitly said that they are willing to pay for a share.

So I think you had more and more people thinking that they were saving when they weren't.

And the second car costs 30,000. So, it

Does the price include breakfast?

We can even say, from 2000 to 2006.

Here is an American citizen and his son having an artificial foot.

Anyway, going back to Price to Earnings, we calculated the

When economists refer to inflation today, they are referring to a general increase in the level of prices of goods and services.

So we know that housing prices went up.

Price

And if each one of you sends it to 300 or 400 people, that would be fantastic.

Price to Earnings, all else equal and that's a big thing all else equal, the lower the Price to Earnings, you're paying less for something.

I believe we should try more things that have a potential to be far less expensive.

On the left hand side, labor is is under a high cost pressure.

I love Lego Mindstorm, is which a wonderful way to experiment with these things.

causing the housing prices to trend.

Well in this case I paid 100 for the bank account.

And so, we're in a wonderful situation with electricity in the rich world.

Then auctions like eBay are another example of dynamic pricing.

Monsanto makes a ton of money, and the small farmer gets squashed.

No, what happened to us, Chris, is that power, it's priced off the margin.

And so the first of these that I will focus on the first is the price of competing products.

It's actually 66.666 I hope you don't think I'm an evil person because of this number that happened to show up.

It will be 100 in two years. It will go below 100.

Or, God forbid, if housing prices actually go down.

Whenever you hear things like book value, and I've done a couple of videos on book value versus market value, but the book value is essentially what you have on your accounting books.

We've been talking about the law of demand and how if we hold all else equal, a change in price, price goes up, the quantity demanded goes down and the price goes down, the quantity demanded goes up.

Some stores discount the price.

It has been made possible, by the way, for certain other different reasons.

I'm really going forward.

And the cost of a transistor cycle, which is a measure of the price performance of electronics, comes down about every year.

So if you expect if before you thought prices were going to be roughly constant, and now you expect them to go down, now you are gonna say wow,

Even that banana that you buy at the grocery store.

Those exposed to agent metaphors had higher expectations that price trends would continue.

What is the price?