So this is trailing 12 months.

It looks like our profit is jumping all over the place.

The return on the investment will be high.

So a plus b have to be equal to 50.

Abby's and Ben's earnings given only this first constraint.

Maybe Abby made 50 and Ben earned 0.

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

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

And we can eyeball it right here.

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

So this one's worth a little bit more, because it's earning a little bit more money.

OS12 is the most secure operating system ever released.

Have you seen the latest figures, children?

The company's profitability improved.

So now we switched places.

lawyers drifted to cases that were already in chapter four that makes sense, of course.

At any given price point, higher quantity demanded.

We find for day 0 we had rain, and maximum likelihood would just say the probability for day 0 is 1.

The most likely estimate

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

So now we add an interesting line.

It's just a faster way of saying

Profitable.

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

I will split Tanzania in five income groups, from the highest income to the lowest income, and here we go.

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

So growth is the other reason why you're willing to pay a higher Price to Earnings ratio.

Instead we could say that file sharing is good.

And that's because they have the same exact asset.

Ladies razor blades.

Well, if you think about it, in a new market on year 1 you have no customers, and so your revenue is essentially flat.

But the point is, we are architecting access here, for what purpose?

Invest financial assistance, but also management assistance.

How is it that you make money?

So you say, they both deserve a price to earnings of 10.

You're in the best possible position in the department.

You could also have forward earnings.

It's called the Extractive Industries Transparency Initiative.

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

Net profit for the last three months is a new record high!

So that's a little bit of a taste of why someone might realistically, in this case, pay a higher Price to Earnings for safety.

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

No. Technology is not destiny.

And you might wonder, where does that come from?

Tonight I am pleased to announce that ENCOM's last fiscal year was our most profitable ever.