And we're going to look at their saving behavior.

There are many noteworthy things in World War I.

And we found activity in a lot of brain regions.

They happen to be 1000 for the two obstacles.

SM So what's happening here?

Kill the goose that lays the golden eggs.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

By 2007 over 300 billion dollars.

And I won't go into all of the details of an income statement, but any income statement you look at will have this operating profit line.

(Laughter)

What you are going to be asking is what are the entire cost to operate a business model.

Utilities are still rewarded when their customers waste energy.

It actually has a disposition for the living, rather than the mechanical.

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

R Is there anybody that we should watch this time?

And you'll hear these numbers, gross and operating profit and net profit and pretax profit, and it's very hard to understand that these are actually very, very different things, because they all have the word profit, and what does gross and operating and all that mean?

By redefining the propaganda we see all day, everyday

Are the profits exclusive of taxes?

In your country, there might be the equivalent of government fund.

You should work in the interests of humanity.

My sister has made remarkable progress in English.

And when people talk about earnings of a company, this is what they're talking about.

Let no one appropriate a common benefit.

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

In fact, I'm giving you three examples, six minutes each, during this talk.

Minus 500,000.

Well, what's that got to do with this?

I have called thee by thy name though thou hast not known me.

They have no interest expense, because that's not the point of this video.

A remarkable, remarkable testament to the power of evolution.

Remember, I'm getting interest on all of this.

The taxes will be 153,000.

And if you end up on one side of that or the other that would be aceptable.

Why, our subject today, Charles Muntz.

Our century has seen a notable increase of knowledge.

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

And so don't confuse big company partnering with startup strategy.

But here you see it means very, very different things.

And these effects were in total the same for each cell.

In a word, he gained much profit.

The reason this is happening boils down, in my mind, to one basic problem, which is our inability to perceive the difference between public benefits and private profits.

They allotted to each player the benefits due him.

That information then needs to be connected to choices, needs to be connected to a range of options, directions that we might go to trade offs, benefits.

I'll just abbreviate that as Nl.