So 26 billion of assets minus 23 billion of liabilities means that we have 3 billion of equity of shareholders' equity.

It should start to make a little bit of intuitive sense

(Laugther)

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

So this is just another visual representation that

It doesn't sound like we borrowed money or anything.

But that's not what we're worried about right now.

But I just wanted to make it clear that that's obviously the best way to generate capital for your business is when the business itself generates capital.

My liabilities would be 145,000.

You love your heroes.

liabilities plus equity is equal to assets.

And then the equity is, essentially we would look at this formula.

Japan's money power has a global reach now.

How much equity do they have?

like an equation, but it's assets is equal to liabilities plus equity.

And we have 23 billion in liabilities.

liabilities plus equity.

liabilities.

And in this case, if it's a publicly traded company, what is its shareholders' equity?

We need flat land, we need 300 days of sunlight, and we need to be near a gas pipe.

In a world without leverage so if I didn't have all this

less capital intensive that there's less money that's required

I'll draw it a little bit bigger.

And we'll introduce debt later, because that's another variable that a lot of people don't think about when they

But let's say its assets are worth 1 million.

So I'm going to give you a little equation, actually, just to take a little bit of a tangent.

And this is another important thing to think about.

Capitalist country.

So we still have 5 million of debt.

So I have zero liability.

So he owns it outright so all of the 100,000 of asset value is actually his equity.

So notice, I now have negative equity, right?

These are their assets, just to get all the labelling right.

What's my equity?

Remember liabilities plus equities are equal to assets.

And this is called the equity, or the owners' equity.

These are my assets, and these are my liabilities.

The advantage the country had was human capital nothing else but human capital.

Media business, or any other business, it needs to be capitalized.

Today we talk of people as an asset.

I'll do that in yellow.

So you'd have 20 million left.