Don't I wish.

It's an automated robotic technology.

liabilities plus equity.

He was going to file for bankruptcy.

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

So in this situation, the company is worth what?

Shareholders are going to go after the rest of Frobisher's fortune.

I use 100 gold pieces.

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)

So this is my liabilities.

I learnt many things here.

Mass production?

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

So the asset value is all in equity.

These are my assets, and these are my liabilities.

The Model Life Centre, incorporated.

Gross National Product is not the same as Net National Product.

Life was very small for most people.

I think I originally set in the original video that we have 500 million shares.

GDP says look, if it was produced inside the country, we don't care who it's been produced by.

LG Um yeah.

And then on the horizontal axis quantity, produced.

Why didn't they put it into production?

She has large interests in the car industry.

(Applause.)

which I find is somewhat ironic.

And I think this is very obvious to you, but let me write that down.

Anyone making money on a stock, as long as they're not manipulating it, on either the short or the long side, is actually a net asset for the stock.

Now let's say I can take this 20 thread and I'll stay with white I can take this 20 thread and I could throw in some more labor

These should be at equal size, and now the NAV per share is going to be 1,800 divided by 10, or 180.

Now what's our mantra of this day and age I wonder?

But that's not how much income we made, because there was a

We've got to reveal the dangers in the product.

And as an economist, we can also look at that side of the story. These are people who are productive agents in the economy.

Just smart people moving bits. Different rules.

2006 was a great year.

An inexperienced stock speculator could easily let his business go to pot and lose his entire fortune.

SCOTT Inc.'s stocks are blue chip stocks.

So one way to think of it is Loan C gets first dibs on the assets.

This is what you're valuing it at.

And to understand it, let's think about how jeans might be produced.

Inherently, when you're talking about value, you have to take the price per share and you multiply it times the number of shares.

They had their entire lives ahead of them birthdays, graduations, weddings, kids of their own.

What's the most important things you need to do for the business to make the business model work.

Or, another way to think about it is the cost of production.