She benefited from the sound investment.

And this is, I think, a perfect example of what Robert Wright was talking about in those non zero sum things.

Peter The greatest benefit to all.

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.

First... ...let's soundly date.

We'll see how to use cryptography to manage passwords, and user accounts.

Our interests clash with theirs.

Minus 500,000.

We shared the profit among us all.

A sound mind dwells in a sound body.

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.

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

We are assuming a very simple world, were the is no taxes, we have no debt, we have no intrest or things

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

I'll just abbreviate that as Nl.

You healthy ones! What does your health mean?

Go ahead, eat.

Pearl Jam, 96 albums released in the last two years.

When was that word ever used?

And when people talk about earnings of a company, this is what they're talking about.

And let's say, assume if I inherited this million dollars, I didn't finance it.

And any nation that would become protectionist over the next few years would deprive itself of the chance of getting the benefits of growth in the world economy.

Why make this thing?

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

All they care about is profits.

No one wants it to go off.

Normally means lovelydovey couple.) That's entirely not healthy. Rather, unhealthy.

Could lead to better investment. Could lead to more productivity.

Also, in the interest of security and public safety...

It is to his advantage.

No pain, no gain.

No gains without pains.

Kill the goose that lays the golden eggs.

The taxes will be 153,000.

I'm not a charity commissioner.

A benefit to both our worlds.

And give whatever we want to produce for the self centered reason of our nation.

So that's a little bit of a taste of why someone might realistically, in this case, pay a higher Price to Earnings for safety.

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

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

So in theory the more that you do this the more that you are going to make these prices come closer to each other.

They have no interest expense, because that's not the point of this video.

When it's rainy and windy, he gives up.

It's a special interest group?