And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

Was it foreign company?

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

Japan's foreign direct investment reached 10 billion last year.

less capital intensive that there's less money that's required

It should start to make a little bit of intuitive sense

Zolitnikoff, no record. Matthewson, no jurisdiction.

I'll do that in yellow.

One, what shares are share of

liabilities plus equity.

I use 100 gold pieces.

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

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.

Good health is his capital.

liabilities.

So now it's getting interesting.

Foreign investors backed off because of regional political unrest.

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

In return on equity, the numerator is the net income that we got, so it's 350,000.

Capitalist country.

Did you know that 40 percent of the wealth created in Africa is not invested here in Africa?

So he owns it outright so all of the 100,000 of asset value is actually his equity.

What we saw was a natural experiment.

So let me do that in a vibrant color.

That's 11,000.

Let me do equity in a different color.

It's all his equity.

Well, I have 250,000 left over.

Remember liabilities plus equities are equal to assets.

How much equity do they have?

My liabilities would be 145,000.

Take all the real investment that went on in the world in 2010.

I believe we should have the right to choose where we live.

Foreign investors withdrew their money from America.

Foreign investors withdrew their money from the United States.

So 26 billion of assets minus 23 billion of liabilities means that we have 3 billion of equity of shareholders' equity.

Let's figure it out. It's equity.

You love your heroes.

liabilities plus equity is equal to assets.

These are assets.

Right?