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

And I think you already get the sense that the lower the

Sir, it's a thousand euro minimum.

I don't want to think about, are they good at getting low interest?

Okay.

Are you asking me to bet against my own man?

And you're going to pay a lower Price to Earnings ratio if the company isn't growing.

But when you lower the Price to Earnings you are increasing the Earnings to Price.

I'm a gambler, I play the percentages.

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.

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

And going back to where we started this video, in terms of capacity utilization and what that might do to prices, this tells us that labor utilization is

And the guy tells you it is 35 cents to play.

This is a pretty profitable business, more profitable than most.

But, when you're at a relatively high utilization, it really pays to increase your price hurdle.

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.

Anyway, I want to leave you there.

Our interests clash with theirs.

So based on that, this looks cheaper.

The odds are two to one that the Reds win.

Bets taken! Bets taken here!

It's good for everybody.

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

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

I want to bet on every long shot in every race, over 501, this week at Aqueduct.

You've been spying on us.

Minus 500,000.

You must not think about your immediate profit only.

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.

A very low probability event is that this might happen, but it's much more likely that Oh, wait.

The birth rate has been decreasing recently.

Interest rate

We shared the benefit together.

He claimed his share of the profits.

Lookin' out for number one.

No pain, no gain.

Kill the goose that lays the golden eggs.

I would like to place some bets, please.

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 let me switch colors just to ease the monotony.

A benefit to both our worlds.

I'll just abbreviate that as Nl.

I went shares with my cousin in the profits.

I think it's true, that we will face a dilemma in this respect.