So in London, at the time of the American revolution, there are 12 music shops.

And their key partners might be the professional sports league, and the suppliers, and the dry cleaners, and the shop vendors, and envelope suppliers, and

This is a hospital building.

Makes a half million dollars his first year.

I live in a flat above a shop.

This was completely unauthorized.

By 1800, there are 30.

In bars, in cars sidewalks, stores, everywhere.

Your website says that this is the most wellstocked store in five parishes.

He owns 14 Los Pollos restaurants in between here and Nevada. He could be at any one of them.

So its assets.

That assets, A for assets, is equal to

Malibu Equity and Investments.

They were to be his seed group, his future foremen.

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

So, look what they did.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

Another form of retailer are mass merchants.

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.

Two years ago, the CEO, Lee Scott, believed that green is the next big thing, and so Wal Mart made going green a top priority.

Charlie the barber.

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.

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.

Best Buy was able to discover, for example, that the store that it was going to open in China its big, grand store was not going to open on time.

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.

It's from the gift ship.

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

All of the assets needed to start the firm, the pizzeria.

Or they just have a super flush bank account.

Remember, every time it'd issue a loan, like for right here, it issued a 100 gold piece equivalent loan to D and instead of giving D 100 gold pieces from, say, right here, it just created a checking account for D, which later D paid to A and that's why it's labeled A right here. Let me relabel another thing because the gold is a different color just so you see the gold.

But let's just kind of think about a generic balance sheet for a bank.

So 225,000

I guess you could say non cash assets, right?