The return on the investment will be high.

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

Have you seen the latest figures, children?

Profitable.

Maybe Abby made 50 and Ben earned 0.

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

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

At any given price point, higher quantity demanded.

So a plus b have to be equal to 50.

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

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

So notice.

Invest financial assistance, but also management assistance.

And we can eyeball it right here.

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

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

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.

So basically Republicans who make more than 250,000 dollars a year don't want to be taxed.

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

Instead we could say that file sharing is good.

So now we switched places.

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

When? I said it's time to monetise the site.

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

Everything on this line would be a valid combination of

So now we add an interesting line.

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

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

It's called the Extractive Industries Transparency Initiative.

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

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

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

Good? Yeah, No, I'm great, you know, it's totally great.

Abby earned 10 more than Ben.

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

Let's compare EBlT to operating profit.

And why don't you like them as much?

So the price would be 100.

Another type of revenue model is licensing.

It's time to monetise the thing.

So this is trailing 12 months.

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