She may yet be of some use to us.

You said yourself, I have use for her.

Generators need every drop of fuel they can get.

As those of you who've taken currencies home from your trip know, once you get home, it's actually pretty useless.

So that's a third question

Now what's our mantra of this day and age I wonder?

They provide value for money.

We provide value for money.

I'll provide value for money.

These bonds have some future economic value.

I wonder if it's worth it.

Square team did wonderfully, they actually started with the archetype.

How do we take their contributions to their jobs, their communities and their families, and convert that value into reputation capital?

But, actually, it's suddenly come to me after years working in the business, that what we create in advertising, which is intangible value you might call it perceived value, you might call it badge value, subjective value, intangible value of some kind gets rather a bad rap.

But the present value, what does that mean?

Not so in Italy.

To understand better, all countries that use money as value are monetary systems.

And the senior water rights holders, if they don't use their water right, they risk losing their water right along with the economic value that goes with it.

How is she gonna be valuable?

So those were kind of missing, but again starting with pains and gains was pretty good for their value proposition.

Let me tell you about a truly magical algorithm called value iteration.

They just have it around.

But if you're just a regular blogger, and all you're doing is here's a quote from one site, and you're adding some value.

A book worth reading is worth reading twice.

We just made it explicit.

The definition of the expected sum of future possible discounted reward that it has given you allows me to define a value function.

The word arbitrage sounds very fancy, but it's actually a very simple idea.

How to TEDx Brand

And my brother and I were raised with all that you really need

Worth zilch.

It's worth twice as much.

It is.

And this value, this is called a well in general, whenever you're valuing anything, it's called a valuation.

What's also interesting, if you look at products that have a high component of what you might call messaging value, a high component of intangible value, versus their intrinsic value

If however, you bought some wool from the shepherd and charged a premium for converting it into a hat, you weren't actually creating value, you were exploiting the shepherd.

I mean, it's not cash.

If a thing is worth doing it is worth doing badly.

The following parameters and their values are available

Next thing I learned from Steve Jobs is

But if you were to present value this let's say they make 1 forever going into the future and you were to present value this using a discount rate.

They are often quite egalitarian.

And so that sets up for making access to get goods and services more convenient and less costly in many cases than owning them.

And I'll do a bunch of videos on margins in the future.

So in the last lecture, you remember the business model canvas, all the 9 components of a startup.

So this is real estate, or building.