One was a great career.

The earnings I just said, this is actually what happened to the company.

And how they were going to create demand was through search ads, social media, stadium promotions.

Travel agencies' profits soared.

And so I'm left with net income of 350,000.

The company's profitability improved.

But for our sake, let's just say that when you give the widget, you have earned the money that they give you, and that's revenue sales.

Profitable.

The company's profits soared.

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

Because when someone says earnings, are those the earnings last year?

So a plus b have to be equal to 50.

If I'm paying 10 today for 2 of earnings in 2009, the Price to Earnings of 5 for Company A.

Excuse me, I'd be happy to go on with our talk some other time.

And we add back the interest, at least in this example, we get to an operating profit number.

Corporate earnings for the first quarter were disappointing.

If you let her come to you, you're risking your chances of escape.

Again the only way to figure this out is being able to interact with tens or hundreds or thousands of customers so you finally understand what the right revenue streams and revenue model is.

So let's look at them over the course of one year.

So notice.

Invest financial assistance, but also management assistance.

And the first one is that this whole idea about revenue stream, Steve, I get it.

It's the same plot.

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

Maybe Abby made 50 and Ben earned 0.

And we can eyeball it right here.

And 4, Open cyber infrastructure

They're all jumbled up as just kind of the company is making this much money.

So let's say we're looking at this on January 1, 2009.

That our chances of making a good marriage have been materially damaged by Lydia's disgrace.

The reason why you are willing to pay a higher Price to

And what's left over for the equity?

So let me switch colors just to ease the monotony.

And they were male and female 18 30 and they were casual fans.

And let's say that it's 2008 earnings.

And that's how much operating profit my widget company has produced.

It's just 10 because one, this is a nice round number.

And it wouldn't hurt to have a big dog on my side.

But what happened here?

Everything on this line would be a valid combination of

So now we add an interesting line.

You're making 10 , and that's just to connect the dots.

But I just want to give you the gist of what's happening.

ladies and gentlemen, does not create wealth for them.

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