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

The truth is that the statement is his personal view.

The advantage the country had was human capital nothing else but human capital.

Today we talk of people as an asset.

What matters here isn't technical capital, it's social capital.

You don't have to be an intellectual property expert to understand the difference between right and wrong.

The Winklevi aren't suing me for intellectual property theft.

Let's think a little bit about leverage.

Capitalist jihad. Smart.

Where am I taking this money out of?

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

You want a statement?

Well, there are numerous possible answers, some of them quite dark.

Let's keep going!

That assets, A for assets, is equal to

I think the first point to make is that we need to recognize natural capital.

But we'll do a whole playlist on that.

like sustainable development targets, natural resource governance targets, access to opportunity, to knowledge, equity, fighting corruption.

Suicide bomber's last statements.

Read this statement.

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

The Prime Minister is to make a statement today.

And it's legitimate monopoly of means of violence, administrative control, management of public finances, investment in human capital, provision of citizenship rights, provision of infrastructure, management of the tangible and intangible assets of the state through regulation, creation of the market, international agreements, including public borrowing, and then, most importantly, rule of law.

Now, I think this future will be quite surprising to many people.

What statement?

Egypt is launching a first large industrial zone 2.8 billion investment.

Then there is the whole northern India, which is going to be the bulk of the future demographic dividend.

Supporting financially

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

Well, they lost, by entering into this transaction, essentially, they lost whatever equity they originally had in their house.

laughter

But essentially what happened is the investors in the mortgage backed securities provided the money to the special purpose entity to essentially loan to the borrowers.

It should start to make a little bit of intuitive sense

And that seems like a pretty reasonable proposition.

It turns out that it's impossible to capture balanced parentheses with a regular expression.

Nothing like the resources of a CERN or a DARPA or an IBM or a Dupont.

The president will be making_BAR_a statement in due course.

It's their mission statement.

I'll do that in yellow.

The last one you'll ever give.

One, what shares are share of

liabilities plus equity.

Then why make the announcement?

Now, equity might not make a lot of sense to you right now, because I'm just saying, well, my equity is equal to my cash. in general, equity is just what you own.

But our total assets, or the market's perception of the total assets of the company, are essentially what it's willing to pay for the equity plus the liabilities, so the market is saying that Ben's assets, the assets in that company are worth 220,000.