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

Detorque. Detorque.

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

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

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.

Our interests clash with theirs.

Minus 500,000.

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.

Kill the goose that lays the golden eggs.

A benefit to both our worlds.

I'll just abbreviate that as Nl.

Go ahead, eat.

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

Unconventional natural gas is controversial, as it needs high energy prices to be profitable.

And that's my dad found that.

We'll be able to make use of all that to evaporate more seawater and enhance the restorative benefits.

And that's what these brands did.

FDlC insured.

The rewards would be... enormous.

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.

And I won't go into all of the details of an income statement, but any income statement you look at will have this operating profit line.

Don't ask any questions that would portray us negatively.

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

The reason this is happening boils down, in my mind, to one basic problem, which is our inability to perceive the difference between public benefits and private profits.

This is 350,000 of net income.

Why make this thing?

All the profits go toward Phillip's hospital bills.

And then it adds back the taxes and interest.

The taxes will be 153,000.

I'm not a charity commissioner.

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

Falling interest rates have stimulated the automobile market.

It's also important to think about what the benefit is.

So now look at the different lens.

Peter The greatest benefit to all.

Though their loan recipients were high risk by ordinary standards, the default rate was extremely low.

Science comes first, but business comes a close fucking second.

There is no interest... in the common good.

It is to his advantage.

We're better off without the TPP

There is no doubt about what they have done.

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

So, let's see, you have to do 1.85.