So then you're having, you have your net income, your net income during the period.

So EBlT, I kind of view that it goes backwards.

Our profit here, if we just take the number that we have here,

Yep, that's right.

Following a joint statement by Vivendi and electricity giant VFM..

Company A made 1 per share. 1 of EPS.

Because during conflict economic policy typically deteriorates.

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

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

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.

But anyway, here I want to figure out what is my return on asset?

Money lenders are enjoying a profitable period.

Our interests clash with theirs.

Minus 500,000.

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.

Net profit for the period is estimated at 5 billion yen, largely unchanged from the previous one.

Kill the goose that lays the golden eggs.

A benefit to both our worlds.

And if we see how they graphed things here, on the vertical axis, what we normally associate with the y axis, they graphed Abby's earnings.

I'll just abbreviate that as Nl.

Go ahead, eat.

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

And that's my dad found that.

One blueprint for trouble, making collapse likely, is where there is a conflict of interest between the short term interest of the decision making elites and the long term interest of the society as a whole, especially if the elites are able to insulate themselves from the consequences of their actions.

And that's what these brands did.

FDlC insured.

The rewards would be... enormous.

So you've probably heard not only the term earnings, you've probably also heard the term earnings per share.

They buy more of your service and they tell more of their friends, which leads to more profit.

So while we want to make economic profit for ourselves and our customers, we are willing to do it with a long term view, and we like to have a wider definition of profits than just the economic profit in the next quarter.

And let's say, assume if I inherited this million dollars, I didn't finance it.

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.

This is 350,000 of net income.

Why make this thing?

All the profits go toward Phillip's hospital bills.

The taxes will be 153,000.

I'm not a charity commissioner.

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

It's also important to think about what the benefit is.

So now look at the different lens.

Peter The greatest benefit to all.

Science comes first, but business comes a close fucking second.

Let me draw this yield curve right over here, so this is maturity on the horizontal axis, and this is yield, and I'm gonna draw the yield curve for treasuries.

It is to his advantage.