You could do it with corporate debt.

Morningstar type.

They go to 0.

A company flies in, does a deal with a minister.

What do you mean exchange of custody ?

We do business with that company.

He began to transact business with the firm.

Sometimes someone might look at a company.

Tom's company is under investigation by the Federal Trade Commission.

Bonds, you become part lender to the company.

But this I just want to show you some data here.

Remember, the secondary market, the stock market, most of that is between two people who are unrelated to the company, trading the shares of stock.

She is connected with that company.

So for example, if you by a well I'll just say a face value bond of, let's say it's a thousand dollars, and there's a thousand people who do that.

We have no business relations with the firm.

It's a security.

I know I've overdrawn this picture a little bit too much.

Is it because I'm a professor, and, therefore,

Oh, we want most favored nations clause,

Interest expense.

I'm mainstreaming.

I'm taking the company back, Alan.

And let's say, for whatever reason, either interest rates went up, or they had a bad quarter or a bad year, and they just didn't generate enough cash, let's say they couldn't pay off one of the debt holders.

Our transactions with that firm have continued unbroken since my father's generation.

And just to contrast this with bonds, because they are often used in the same phrasing, oh I'm going to go buy some stocks or bonds, or I deal with stocks and bonds.

Okay, meet the guys at the heart of this so called solution.

The firm has built up a wide reputation for fair dealing.

Now, immediately if you were to see this is the real market, where you see two identical companies or you think they're identical companies and one is trading at a lower multiple or a lower Price to Earnings multiple than the other, you should be very suspicious.

The yield on the bond is 6 .

Nobody expected this. Not even us.

Yes, I went to an employment agency.

Mainstreaming.

You went from working for the Company

When I own a stock in the company, I own a share of the equity, as opposed to a share of the debt, which is the case with the bond.

But custody of the children was a problem.

You're not a homeowner until you don't have debt.

He deals with my company.

They know exactly how to play us.

Mainstreaming's for pussies.

You are gonna mainstream, like I do.

That son of a bitch isn't getting my company!

Your mind is expelling him.

Of a multibillion dollar conglomerate out of his office?

This company now is completely delevered.

Where's the meet? When's it going down?