So this is a good way to think about it.

I'm prepared to pay the price.

And that's interesting.

So this is 3.02 per share book value per share.

But one of the things that we always tend to confuse is the difference between a revenue model and pricing.

Then auctions like eBay are another example of dynamic pricing.

Price

And I'm assuming that I'm in a state without sales tax.

They're able to do more with whatever assets we give them.

But that's the price of having a civilization.

That is the meat, the problem.

This is better than the median, because the

Par value

Redemption

Present value

Present values

Future value

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

If x is any larger number than the number I'm solving for, then the sale price is going to be more than fifty and I won't be able to afford it.

It's not about low cost.

Alright?

I could actually price on specific customer segments or on features I know they need.

And so the first of these that I will focus on the first is the price of competing products.

And if someone really were to be rational about it, 250,000 isn't some crazy lowball price.

In 2005, all of a sudden everyone is getting access to funding.

How could you have prices that kind of move?

For any given price, it's going to lower the quantity demanded.

See...notice I get my axes confused

Let's say a guy invents a better light bulb.

The price of admission.

Price to Earnings, all else equal and that's a big thing all else equal, the lower the Price to Earnings, you're paying less for something.

It turns out we made this pretty easy.

Whenever you hear things like book value, and I've done a couple of videos on book value versus market value, but the book value is essentially what you have on your accounting books.

You could put here what you paid for it.

And we see that the last trade here was for 2.58.

If you ever think about it, pricing that you negotiate yeah, we kind of have this price on paper, but that's just the starting point of the conversation.

Next thing I learned from Steve Jobs is

It's the best price that someone's willing to give you for something.

But there are two types of prices.

It is traded.

That sounds about right. It's within the right range at least.

You would be correct that Company B was cheaper.

She's too young for this.

And you know that it's going to be 100.

It has been made possible, by the way, for certain other different reasons.