So let me switch colors just to ease the monotony.

It's just a faster way of saying

There is a non zero probability for perfect and a non zero probability for storm.

(Laughter)

looks neutral.

Maybe it goes to 2 in 2010.

So a lot of people immediately will figure out the Price to

So in 2013 you'll be making 16.

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

If we're in B, we transition with certainty to A.

This is 2009 estimates.

And B is expected to make 4 per share.

That was a bit of a diversion.

Why wouldn't I just pour all of my money?

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

And when I say we, I really mean the computer program.

The price here, Company B was more.

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

That's still way more expensive than most companies.

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

It was 10.

So it has a Price to Earnings of 50.

And let's say Company B made 5 per share. 5 EPS, Earnings Per Share.

There is no mechanism of which these 2 things would co occur.

Price to Earnings ratio.

Divided by 0.35.

You're a man who knows what it is to command.

It's actually 66.666 I hope you don't think I'm an evil person because of this number that happened to show up.

Obviously a 6 Price to Earnings of 20 times 2013 earnings isn't as good as a 6 Price to Earnings of 2010, because earnings in the future aren't worth as much as earnings today.

If min plays 2, so strategy 1 is the dominant strategy, and that should have probability 1.

And that's the real big take away I wanted you to get at, is that high utilization of anything, of our aggregate capacity, prices will increase.

And the earnings on the bank account in that year were 200.

So just when you look at it superficially right here, when you take Price to Earnings and actually just as a little aside, whenever someone says the Price to Earnings ratio is 10, or the Price to Earnings for Company B is 4, the first thing you should ask is, what earnings are you using?

We can't do that today because solar panels are heavy, expensive and very inefficient.

One is, you could kind of flip this.

Anyway, I want to leave you there.

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

Anyway.

To make this easier, we will assume that the five non redheads are not carriers of the gene.

And with that in mind,

We plan to launch this product in India in 2010, and the target price point will be 25 dollars,

Let's say that we don't know that they're truly equal.

But you say, no but these guys are growing so fast in 2011 they're going to make 4.

So, that would be 12P 7 or P 7 12.

We reach the 77 with probability 0.1 with 0.8 chance we stay in the same cell, which has the value of 0, and with 0.1 chance, we end up down here, which also has a value of 0.