You've now heard I want to go listen to Benny Goodman some more.

What's going on in Nigeria? A couple of things.

No matter how bad it was economically, he always got himself paid.

So let's call that market equity.

It's a new tool for investors.

I think that's what I wanted a write here, market value of equity.

And then, that gets you to the market value the equity.

So that's a very handsome return.

This is 120,000 in equity, market value of equity, he has another 105,000 in liabilites.

Xigi is a new community site that's built by the community,

So 26 minus 23 is equal to 3.

So they're saying essentially that the market cap, and that's equivalent to the market value of the equity, or what the market thinks the equity is worth, that's 1 times 500 million shares.

So, remember, assets are equal to liabilites plus shareholder's equity, so if all of a sudden the market value of the equity, the market capitalization, for Ben's shoe company is 215,000... (That is the equity part right over here)

Unfortunately, many of us in this room are supporters of capitalist policies and market forces.

If it had 10,000 shares, and actually both of the shoe companies had 10,000 shares, then the market is essentially valuing the equity of Ben's shoe company at 215,000, even though the book value of the equity was 135,000.

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

Hong Kong, Singapore and Sidney.

Because in Africa today, we are competing globally for capital.

And it's where the idea of partnership becomes so important.

Like its agriculture,

They're the share of owner's equity and not of the asset also gives you a good sense of what market cap is

But, to get there, the first thing to understand is just the capital structure and how capital markets work in general.

Or another way of viewing it, is that this is the market's guess, or you could call it the market value of the equity.

And there's only 10 shares. So they're valuing the assets at 500,000. And this is of course the market value of the assets.

That's part of the free market system, Obama continued.

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

In a globalized world, corruption is a truly globalized business, and one that needs global solutions, supported and pushed by us all, as global citizens, right here.

Market capitalization.

But our total assets, or the market's perception of the total assets of the company, are essentially what it's willing to pay for the equity plus the liabilities, so the market is saying that Ben's assets, the assets in that company are worth 220,000.

This is the market's guess of the value of this company's equity.

And 3.00 per share times half a billion shares, that's a 1.5 billion dollar market value of its equity.

I shouldn't have crossed it out, let me write it again. 4 billion, the 2.5 is what the market was saying.

He made a killing by investing in the stock market.

So I made 50 off of this trade.

And the good news is and bad news is that there are no competitors on day 1 it's pretty lonely.

Above government, above markets was the direct rule of the people.

Well I would have 50,000 left over.

And there's a whole methodology to how one would account for that.

The troll market! The troll market?

And their policy prescription is to make government more accountable, focus on the capital markets, invest, don't give anything away.

And the way you get that is, they're saying 3 a share and there are half a billion shares.

We know there's a million shares.

lifecycle adoption curve popularized by Geoff Moore in a book called Crossing the Chasm.

We're willing to say that the market value of your equity is 210,000.

People who were engaged in market activities began to collect, began to accumulate private wealth through engaging in the markets, through selling goods and buying food.