So it actually computes what we need it to compute.

So I asked the Minister over dinner,

Do you have any idea what that school is costing me?

Anyway, going back to Price to Earnings, we calculated the

Another choice would be to calculate the ratio between the weight and how much its worth.

And the answer is no, it isn't. It is somewhat inconsistent.

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

So that's where it comes from.

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

The only way to find its outcome is, effectively, just to watch it evolve.

We did not use the distributive law just now.

So if you have a help at home, if you go to the doctor, the market value of all of those things are going to be put into GDP.

Alright?

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And it turns out, I woke up the next morning, and I started to calculate this.

Thank you.

Just like we did here.

Using the old thinking, of national infrastructure and pipe work, is too expensive.

What I want to think about in this video is how we can do it another way.

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Now either one of these is legititmate ways of accounting but its good to know the difference

And when I say book value, that's just a fancy way of saying this is what our accountants say that we paid for the stuff.

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