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.

Do pay?

So it would be patent amortization.

So once again, I'm stuck holding this non liquid asset.

I guess you can't quantify charisma and good looks.

And this goes back to the very first video we saw.

Mmhm. It's a real estate investment.

Somebody solvent?

Ancillary would be number 2 referred revenue.

Amortization is the exact same thing, but it deals with intangible assets.

It was both Communist and Totalitarian.

I spent 60,000 on Capital Expenditure sometimes it's property plant and equipment .

So its assets.

So this is all equity.

That assets, A for assets, is equal to

Detroit is famous for its car industry.

The Arizona Ranchman. We got real estate. We got...

So this is kind of a frozen asset.

Malibu Equity and Investments.

You don't even need the loan.

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

What's my current state of affairs?

I'm worth 11,000.

levels of debt, will probably lose some money.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

Then you say, either these assets or somehow being undervalued or the company might have some assets that somehow are not captured on the balance sheet, right?

For example, government treasuries is a liquid security or a liquid asset,

liabilities plus equity.

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.

An asset is something that's going to give you some future economic benefit.

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

So this is just another visual representation that

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

Remember liabilities plus equities are equal to assets.

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

And by the way in the physical world the classic is real estate brokers.

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