And on the cash flow statement you express that saying

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.

We got a second address. There's a coowner.

Once you start a company, hopefully you generate earnings, and that'll also generate cash or capital that you can reinvest in the business.

And so liabilities plus equity is equal to assets.

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

Based in Chelsea.

But we'll do a whole playlist on that.

The company was started with 100,000 in capital.

And here is the best example, the Contras in Nicaragua, created by the ClA,

So this is just another visual representation that

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

Read the book aloud.

One exception is in Massachusetts.

We have a very, very steady business.

We all behaved strangely, but I find no evidence.

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

My liabilities would be 145,000.

You love your heroes.

This was not a cash expense, so from our operations we had 50,000 dollars,

She says she never did. But these days, it's hard to find a woman who ain't been bit.

What's my current state of affairs?

liabilities plus equity is equal to assets.

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

I can't do a thing, if he's got proof.

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.

So these are the assets of a company and it was able to generate these assets.

If you were going to go and try to create SpaceShipOne, or any kind of a new technology, you have to fund that from the beginning and maintain that funding with an uncertain outcome.

And we have 23 billion in liabilities.

I'd much rather be at home with a cup of Bovril and a good book.

That is about three and a half billion U.S. dollars coming out of a small we used to be resource rich

liabilities plus equity.

I still owe the almost 1.075 million.

Yes, put that aside.

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