Yep, that's right.

Because during conflict economic policy typically deteriorates.

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.

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.

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

If they have to pay for it, they use it.

We have this principal that we don't touch that produces returns, social, economic and ecological.

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

I put photography as my life.

But it might be to explicitly control the yield curve further out, so that the borrowing cost for longer debt goes down, so that the yield curve looks something like that.

I'm not interested in material gains.

We do not need to destroy.

So those three actors.

I'm not interested in material gain.

I am not interested in material gain.

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.

We don't know.

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.

Company A made 1 per share. 1 of EPS.

And I would say that national interest and, if you like, what is the global interest to tackle poverty and climate change do, in the long run, come together.

Biodiesel and ethanol are made from crops grown by petroleum powered agriculture.

If we were able to promote this bilingual culture at younger ages, when learning languages is more efficient, it'd be more beneficial to society in the long run.

The management tended to be too concerned about short term improvement of the bottom line to have any long term design for the future.

In fact, if you've got good enough governance, there is no resource boom.

And so it's a short term solution.

We really like the human being story a lot.

So, as you can see, volunteering has greater effect than just the immediate act of giving.

Many of the people involved have special interests or short term interests that get them not thinking about what the implications of the trends are.

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

Our interests clash with theirs.

Minus 500,000.

The condition might go on for a long time.

My point is this

And so with patient capital from Acumen and other organizations,

The company's profits soared.

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.

Those who carried on an independence movement in the colony 51 years ago were put on the wanted list for terrorism

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

They acquire a library of intellectual property rights, then litigate to earn profits.

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

And this is why you need weathermen.

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

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

I'll just abbreviate that as Nl.