I'm talking about all companies.

(Laughter)

Tell us about what Benetech does.

The last area is profit itself.

SM So, the scientific method I alluded to is pretty important.

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

Thus The Pirate Bay isn't idealistic.

This was interest. This was non op income.

And then I was left with 1 million.

Minus 500,000.

And these metrics will tell you that.

That's an important fact, because it tells us that in 40 years, the nonprofit sector has not been able to wrestle any market share away from the for profit sector.

He was a former CEO.

We're better off without the TPP

By directing that industry, so that the industry in control of that individual actor in such a manner, as its produce may be of the greatest value, he intends only his own gain.

Try running a 40 billion industry.See how that makes you feel.

I was in Southern California

They don't take into account the public benefits of a free internet.

Let me write that.

But in general if you take EBlT and you take out the non operating income, you get back to operating profits.

So they're gonna pay more money for it.

Management practices at Japanese corporations are often very different from those at foreign companies.

That's what it is generating.

And then, how much am I making from the business now?

I mean, for instance, I've had to you know,

Scott is an entrepreneur with much spirit of enterprise.

And so their operating profit, the amount of pre tax income, but you know, we're not considering financing either, so this is their operating profit or their EBlT.

And there we worked with leading CEOs on African issues, and African companies on turnarounds, making the companies not just the best in Africa but the best globally.

What we used to believe for strategy is that you start any company with an operating plan and a financial model.

Myself.

I believe it's very important to look at how our society ought to be.

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

My head I think implicitly made the numbers work out nicely.

It's a different kind of enterprise for a new economy.

They've been good performers in profits and dividends.

For a business owner, having a clear overview of one's entire business is vital.

And this is the profit from the operations of the company, or you could say from the assets or from the business or from the enterprise of the company.

Those other things are called non state actors.

The University of the People is the first ever non profit, tuition free online University.

So in any of these periods, the depreciation expense should be added back to the operating profit, to figure out the cash from operations.

And the way we saw that is that, their everything, their revenue, gross profit all the way down to their operating profit was exactly the same.

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

He runs a company called Shanda, which is the largest computer games company in China.

Many of you probably have never heard of this term.

Our profit, once again, is 30,000.