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.

So its assets.

With private ownership nonexistent, our wellbeing is on the rise.

That assets, A for assets, is equal to

Malibu Equity and Investments.

Your actions have resulted in the loss of a T888

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

Capital intensive industries are not necessarily knowledge intensive industries.

So anyway, what happens in Chapter 11?

In my opinion, we need to diversify our assets.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

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.

They are part of the same continuum.

The estimated wealth lost is half a trillion dollars.

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.

Remember liabilities plus equities are equal to assets.

I'm going to write down Assets. Well before we know what my assets are, let me tell you what an asset is.

I know this gets a little confusing, but it all ends up being valuing the assets as you emerge from bankruptcy.

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

Well, I guess.

So, you're living through a time when virtually half of humanity's intellectual, social and spiritual legacy is being allowed to slip away.

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?

Are you a man of means?

And the fact that we have English is now becoming a huge strategic asset.

These are my assets, and these are my liabilities.

And if you look at the species level, you saw about fish.