With far too few of your sinister plots actually turning a profit.

So the price would be 100.

Central Bank is a bank that deals mainly with other banks and the government and assumes broad responsibilities in the interests of the national economy apart from the earning of profits.

If it goes, I'm in the bank account is opened.

Though their loan recipients were high risk by ordinary standards, the default rate was extremely low.

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

So here's is a system changer, and it seems to be catching.

We're going to take a write down.

Now, this actually leads to a very interesting question.

It's the economic benefits and the job creation that's coming from this open innovation work.

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.

Our interests clash with theirs.

So just as a review, let's say I'm running some type of a bank and I tell you that I am offering 10 interest that compounds annually.

Minus 500,000.

It's before we think about how the business is structured.

loans to this bank.

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.

But this idea is not always that intuitive.

Kill the goose that lays the golden eggs.

Which is normally how we think about bank accounts.

And they're more vulnerable to job losses, subject to inflation, tightening loans from banks, appreciation of the renminbi, or decline of demand from Europe or America for the products they produce.

A benefit to both our worlds.

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.

He is acting on his own behalf.

And that's my dad found that.

I can do a Price to Earnings on my bank account.

And that's what these brands did.

FDlC insured.

The rewards would be... enormous.

MlT actually lived by its actions.

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.

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

Why would someone ever keep their money in the bank at 2 or a Price to Earnings of 50, when they could have a Price to Earnings of 10 with Widgets Inc.?

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.