Another major revolution the communications revolution.

There's a basic, profound acceleration of this evolutionary process.

What are the challenges in getting value for money as well as value for many?

Today it's less than 50 cents a day.

Price

Then auctions like eBay are another example of dynamic pricing.

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

You add other forms of innovation and processor design, you get a doubling of price performance of computing every one year.

Unless you're very close and you're just funding the learning curve and it's going to get very cheap,

And if that money supply that's affected by all of those things grows faster than the total real productivity of the economy, then it will generally increase the level of prices.

He has George's personality, and George's knowledge and experience.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

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

Alright?

It's not about low cost.

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

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

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

For any given price, it's going to lower the quantity demanded.

See...notice I get my axes confused

Let's say a guy invents a better light bulb.

The price of admission.

A lot of hurdles.

How could you have prices that kind of move?

It turns out we made this pretty easy.

And we see that the last trade here was for 2.58.

But there are two types of prices.

It is traded.

That sounds about right. It's within the right range at least.

You would be correct that Company B was cheaper.

She's too young for this.

And you know that it's going to be 100.

Next thing I learned from Steve Jobs is

His character resembles his father's.

You are so bad.

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.

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

It is not her ability, but her character that is at issue.

So that's fine.