Where am I taking this money out of?

Or they just have a super flush bank account.

So I'm essentially doing some major home improvements.

My powers and my assets were given to me for one purpose.

So business schools have been struggling with this gender grade gap.

And it's worth 100 gold.

Mr. Welsh isn't qualified to answer that question.

It gives us a deeper sense of what it actually takes for us to thrive in this life.

Your aptitude tests are off the charts, so what is it?

They said, get me a tutor in what I suck at.

These are liabilities.

But we need to think broad scale. We need to think globally.

So let's see, I have my assets right here.

So let's say when we liquidate it so we go into bankruptcy and essentially all of the assets are taken into possession by the bankruptcy court they're going to sell these assets.

So it gives these shares to each of these people, and they have to contribute 200, so essentially, it puts another 1,000 into the pool, that Pete can now manage, and so now the total NAV for the fund is 2,000 now and Pete will get his 1 management fee off of this entire 2,000.

They're collaborative, they're branded, they're multinational, and they're highly disciplined.

We try and find your professional qualifications...

You'll get your traveling money.

So let's look at what that means.

So this amount of the gold that you have to leave aside as a reserve, relative to the total amount of demands you have on that gold, that's the reserve ratio.

My bricks, being second hand ones, required to be cleaned with a trowel, so that I

They'll often say just like a big bucket of, they'll call them level three assets.

So this is the investors.

Varsity that's the first time I realized that I was a natural leader.

liabilities plus equity.

Because when these loans come due, if you believe this 2 billion, then all of these banks have positive net worth.

It's what the market is willing to give for it.

I'm speaking of things that I don't know.

Mark to model.

They're assets for those people.

And so, we ended up with a 50 50 split of the company.

I use 100 gold pieces.

But bankruptcy plans are usually of one or more varieties.

And let's call this entity AlG.

So this is the operating profit. This is the money that just comes out of the asset itself.

He had all the attributes of a leader.

Let's think a little bit about leverage.

I have factory tools worth 500,000, and then that cash will go away.

Countrywide.

And so just to get our terminology, we call these different substances, that these pure substances that have these specific properties at certain temperatures, and react in certain ways, we call them elements.

liabilities plus equity.

But a resource that would be scarce is something like food, or water, or money, or time, or labor.

Because assets are equal to liabilites, (these are the liabilities right here) plus equity.

Half of Parker's research.

Insolvency is when you actually, because of bad investments, you actually end up with less assets then do have liabilities and then there's nothing left over in the equity column.