Yero. That's exactly right. The detail is extremely important. The main point of my argument is the following:
Although the detail is important to precisely estimate the net profit of a show, at a high level the process that Bwayto was using to estimate the show's profit was correct. The reason his estimate was incorrect was because he didn't have knowledge of this low-level detail, not because he didn't have knowledge at a high level. Thus, I think BK's slagging that Bwayto "knows nothing" was a complete overreaction. Bwayto understood at a high level that the net profit is a result of a simple calculation - revenue minus expenses. There is no need to pretend that calculating the net profit of a show is anything more complicated than this. It's really just about the detail of what is included in the calculation.
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Now, if we are to go down into an extra level of detail there are two categories of expenses, the costs associated to mount a show on a stage and the costs associated with keeping the show playing night after night. I don't believe there is any need to overcomplicate this and suggest there are other categories of expenses at this level. You listed two examples of expenses, which was a great contribution thank you - but this level of detail was at a lower level than how bwayto was looking at the grosses. For example:
1. Royalty expenses as an percentage of weekly profit. This expense can be categorised as an expense associated with keeping the show running night after night.
2. Loans associated with unforeseen legal issues, rewriting, delayed previews etc. These expenses can be categorised as expenses associated with mounting a show on a stage.
The only issue here is that bwayto did not know what the specific expenses were associated with mounting and running Spider-Man. He understood at a high-level what was involved in determining whether a show makes a profit or not. BK's pretentious, arrogant post in relation to Bwayto's calculation is everything I hate about some older people. A thoughtless dismissal of a person's argument because they are young rather than actually carefully thinking about the process to which the argument was made and the specific detail of where the argument was wrong.
Now, it would have been useful if BK could have provided some of the detail associated with the Spider-Man expenses. While his estimate was closer than Bwayto's he was still off by 15 million. So it seems, BK, your only contribution to this thread was to demonstrate what a bitter old man you are. Pretty useless if you ask me.
Give me claws and a hunch, just away from this bunch.
Updated On: 11/20/13 at 04:18 AM