I've gone over all of it with your money managers.

But when I talk about the asset, I'm talking about only the operating assets.

The dog! I was stunned with jealousy.

Use global

So its assets.

Use Global Setting

That assets, A for assets, is equal to

I'll check with Beasley at War Assets and see if we can't find another plant.

Because remember, income statements are just telling you how do you get from one balance sheet to another.

Six months later the newspaper was closed.

Malibu Equity and Investments.

So this is just another visual representation that

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

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

The money which people can take has lower interest rate, people can repay it without fear.

We had a 10 return on assets.

Phuong, I'm not a rich man but I do have assets.

This includes the production of electricity, the extraction of fossil fuels, and the manufacturing of all manner of goods, from microchips, to paper, to blimps.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

liabilities plus equity.

liabilities plus equity is equal to assets.

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

For example, if I have one company and actually maybe that's a good point to introduce a balance sheet

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

And what I wrote here is, it has 4 billion of liabilities.

He is a man of wealth.

He's a wealthy man.

Or across the street from each other.

So the total assets were 5 billion in assets.

You'd have to give up 93 of your net worth.

liabilities.

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

Remember liabilities plus equities are equal to assets.

I also wanna thank you for giving me the opportunity to discuss the asset management capabilities of Dean Witter which we believe to be far superior to anything you got going over at Morgan Stanley.

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

He is a man of considerable means.

Just think of the benefits when it comes to jobs, productivity, employment, child nutrition, maternal mortality, literacy and much, much more.

(Laughter)

And that's not what matters.

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