So it actually computes what we need it to compute.

So, for example, in this one, at the beginning of the period, before the 2007 income statement, the asset was worth 50,000.

Cost

Let's calculate our total liabilities.

So I asked the Minister over dinner,

let me give you that piece of terminology, it just means net asset value.

I still have no liabilities

Headline in South Africa They have landed. Quite ominous.

So let me draw that out.

The book value of the assets, or what the accountants within the company are saying the assets are worth.

And you take out the liabilities, this is what the assets are worth according to the accountants.

And when I say book value, that's just a fancy way of saying this is what our accountants say that we paid for the stuff.

5,000 CHF for Willi and for Hans.

At the current value of his estate, the inheritance tax will be at least six million dollars.

So this is the same thing. So I said 3 and, 750,000 cupcakes and my cost was a 1.05.

So once again, it's just a loan to someone else.

And it's essentially, what is the market saying the equity is worth?

So going back to what we were talking about, what is the post money valuation?

So what is the value per share?

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.

So their equity was actually 20,000 plus the 150,000 that they got from just the increasing asset value if they didn't enter into this transaction.

And then I learned to fly in bad weather as well as fine weather and got my instrument rating.

Now, it's worth 250,000.

And many of the things that are waiting in the wings today, will be made possible.

And then when I have 1 10 of two million shares,

I should be doing this in red, I'm not being consistent.

Frobisher's net worth is upward of two and a half billion dollars.

But it's the case in many parts of the U.S. So actually to some degree, this, the dollar value, the property tax is driven by this home value assumption up here.

Do Low Interest Rates Ensure High Asset Prices?

I don't want to draw this box.

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)

I'll do that in yellow.

That's the value of our assets as I mean, the website, that's kind of an arbitrary valuation.

levels of debt, will probably lose some money.

Did you get bauer cleared through security yet?

So its assets.

Deposits equal liabilities from a bank's point of view.

And so after that offering, well, our pre money valuation was 30 million and our post money is now 40 million.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

Marking to market means I have an asset, and every now and then, maybe every few months, every quarter a quarter is just a fourth of a year I have to figure out what that asset is worth.

Get over in the corner.

If you can't pay the debt, the bank comes and takes your home.

From 2001 to 2005, 2006, houses were appreciating like 10 , 15 a year.

With private ownership nonexistent, our wellbeing is on the rise.