Meanwhile, he's retooling his car as fast as possible.

Let's say this is 1 1 2007.

You'll have just had 500,000 going from cash to new factory tools.

And the traditional notion of capacity utilization, and this is what my brain does when someone mentions it, is I think of industrial capacity utilization.

So the way I just described it, one way to account for it is when you do the factory retooling, you essentially just mark it as an expense.

I imagine factories.

Some kind of research facility. Factory, something.

In the factory, all the equipment was up to date.

I install air conditioning, all right?

I install airconditioning, all right?

So for example, depreciation, this was factory equipment, and it gets old as I use it, so I spread out its cost.

So the way you'd think about this is instead of having factory retooling, you could say factory tool.

It could be used against them potentially, or maybe they don't want their customers to know.

If Bennington keeps tooling up for his 1940 Plymouth version he's building, it'll cost millions for us to retool.

HC

So instead of this 500,000 just disappearing expense, you say, no, now I have let's call it F for factory tools.

You load it up in the normal way.

So freight costs aren't our biggest problem. (Laughter)

No, I reckon I don't.

And when people say low utilization, I imagine idle factories, and when high utilization, I imagine factories that are running at three shifts and things are moving feverishly.

But in the process you might learn a little bit about accounting and starting a cupcake factory.

What factory?

Let's say in this example, it's usable for four years.

The site for the new factory has not been decided.

You want installation, right? No.

What factory?

But if this factory's so well guarded, how are we going to break in?

Mechanical systems.

That's things that they can turn into cash very easily and very quickly, definitely within the next year.

Or maybe I'm just not being optimally focused, or whatever it might be.

I hired you to design a plant, not to give me some cock and bull about my guards.

Factory

You talking about the guy at the factory?

And we are starting a biomedical engineering program, so that we will train people locally, who can repair that equipment.

And I think you know, because you have this every other year factory retooling, where they have to spend 500,000 to essentially rebuild their factory because of all of the wear and tear that happened over the last two years.

Tells wild stories about things that simply don't exist.

Reset the chamber for Skywalker.

All ideas on board were welcome.

He has the largest factory in the world, containing two foundries, a dozen tool and die shops, every piece of equipment ever made.

I find a lot of people are not very good at this.

As sleeper agents embedded in key positions, you need to be ready.

The Foundry

Factory shape

Or we could visit some factories.

Poison gas factory?