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You can see that I'm saying about fifteen-- fifteen times earnings is typical, but we're in a high price-to-earnings scenario now.
你可以看出我提到的15这个数字,收益的15倍是最有代表性的,但我们现在正处于一个高市盈率的时期
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It doesn't really matter, as long as I don't price below it, I'm not going to make any money anyway.
这无所谓,只要不是低于边际成本,反正我也没想过盈利
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And I'm going to initialize it, create them, with an opening price.
我要对它进行初始化，给它们一个初始价格然后创建它们。
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The price of a share is the price of the ownership of that earnings' stream If I buy a share I'm in with everyone else who owns the company and I have a claim on the earnings' stream, but the earnings' stream is a year-by-year thing.
每股价格是指,收入所有权的价格,如果我和其他股东一样买了一份股票,那么我就对收益有要求权,但收益是逐年计算的
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So if I'm Firm 1, if I produce any more quantity, what's going to happen to the price?
如果我是公司1,我要是再生产,价格会怎么变动呢
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So the first thing it does, price=0 is it says, if self dot price is 0, I'm just going to return.
所以它做的第一件事就是，如果self。,我就返回。
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However, then I'll have the whole market, it's as if I'm a monopolist but suddenly I'm pricing above the monopoly price, that can't be right.
但是,占有整个市场,相当于我是个垄断企业,但是我的价格却高于垄断价格,那是不正确的
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I never want to price above the monopoly price, because I know the monopoly price, when I'm the monopolist, is the most profit I could ever make.
我绝不想高于垄断价格,因为我知道,当我作为垄断企业时,垄断价格能为我带来最大利润
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If I price below it I'm going to lose money.
如果我价格比它低,我将赔钱
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So basically what I'm going to do here is I'm going to set my price to equal his price, minus a little bit, I'll just undercut him a little bit and by just undercutting him a little bit, I'm going to get the whole of the market and I'll make as much money as I can on those sales.
所以基本上我要做的是,设定我的价格等于他的价格,减去一点点,我的价格将仅仅比他的低一点点,并且通过比他的价格低一点点,我将占领整个市场,那些销售带给我尽可能多的钱
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Because what I want to do is, 01 say if self dot price is less than 0.01, 0 I'm going to set it to 0, just keep it there.
因为我想要做的是，比方说如果self。price小于0。,我就把它的值设为，然后放在那。
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