This improves over the existing value.

This has to be evaluated as large enough it doesn't conflict with any actual value.

Uniqueness on the vertical axis, value on a horizontal axis.

things that you know what they'll do in advance you begin to build more open tools.

I think they all involve the same thing we can take small pieces of data and by putting them together, we can generate more value, we can do more exciting things with them.

This rainfall cycle, this rainfall factory, effectively feeds an agricultural economy of the order of 240 billion dollars worth in Latin America.

Carnelian is gonna change its ways and become a better company.

I leave nothing, nothing, nothing.

Ushahidi, by contrast, is civic value.

(Laughter)

If that's the case, I can propagate back the value.

But you, you have vision. Carnelian reborn and rebranded.

lets say the land is also appreciated the highways gone by and someone wants to build a development nearby so theres the fair value of you land is also going up maybe its also two million dollars. so both of theses so this is two million and this is two mililion so this right over here you could view the market value or the fair value of your sheep.

We'll allow a 5 percent discount off list prices.

And then we also see this movement forward from dollars and cents.

And it's essentially, what is the market saying the equity is worth?

Now, the asset's worth zero, but at the beginning of this year, you buy a new asset worth 500,000.

'Cause, baby, you're a firework.

While change exists go through x, y 's and all orientations of which there are 4, so it's now a deeper loop.

Whatever is worth doing at all, is worth doing well.

Older carpets are more valuable than newer carpets.

Sir, all I know is I hate Jim Crow.

A spilled Latte Macchiato is not a Latte Macchiato.

This is all a little bit of hand waving.

So the market is actually saying, no, you don't have 2 billion of equity, you only have half a billion of equity.

They're saying that because they think that this thing is not worth 4 billion.

That's something like eight percent of the total agricultural output globally.

And the result is sort of gratifyingly perpetual.

What if there's actually negative equity here?

What Brian was saying was science has opened up successively different vantage points from which we can see ourselves, and that's why it's so valuable.

Let's run value iteration again, and let me ask what's the value for B3, assuming that we already updated the value for A3 as shown over here.

This body represents hundreds of millions, maybe billions of dollars worth of biotechnology.

Barbie and Fulla occupy these completely separate spheres.

I thought being smart was cooler than anything in the world.

Which is larger than my total equity.

But it's just like, I'm going to make my own assumptions to figure out what they're worth.

The big residual is always value for money.

What happens in each integration of the loop is that a new value of z is computed, which is the old value plus the value of y, and a new value of x is computed, which is the old value minus 1.

Anyway, this is, I think, just the big picture investment adds value to society.

So those were kind of missing, but again starting with pains and gains was pretty good for their value proposition.

Instead, innovation, if you remember, some of you may have read the famous economist Schumpeter, he said, Innovation is novelty in how value is created and distributed.

They want to keep the sea lanes open.

Those photos become linked, and they make something emergent that's greater than the sum of the parts.

When you take some of your assets and you get the value of the assets that you think they're worth and you pay off some liabilities, it doesn't change the value of your equity.

I think uses an analogy which is probably the best justification and explanation for the value of marketing, the value of perceived value and the fact that we should actually treat it as being absolutely equivalent to any other kind of value.