I'll do that in yellow.

Tia!

One of the viewers pointed out not incorrectly that one definition of return on asset so this whole video's going to be on return on asset that one definition of return on asset, and if you look it up on some of the finance sites or even some finance textbooks, they'll tell you it's net income over total assets.

And so this is our yield.

So the total assets were 5 billion in assets.

I wonder which of the following formula do you think best capture as what we we're doing the sum Xi, 1 Nsum Xi, the product of Xi or 1 Nthe product of Xi.

This is Tia.

Her name's Tia Hayden.

That's Tia's address right there. Pull it up.

And there's Tia right beside him.

So you can see the snapshot at the beginning of the month 100 in equity snapshot at the end of the month 300 in equity.

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

Tia, ella es Maricruz.

Don't get all excited, Teardrop.

The bank is going to be able to fulfill its promise.

But there was an underlying support.

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.

I pick the i'th data item, and I count how often does this occur in the entire list.

President, Sabita being Vice President, and Robert being

And we have these 4 billion of CDOs.

And some of them go to me and then the rest of them go to buddy one, buddy two, buddy three, and buddy four.

Another way to think about it is, if the market is paying 12 million per share, what's the market cap of the company?

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

Company's emailing Tia's credit card history.

That assets, A for assets, is equal to

If I make an incision here to try and remove one of the digits from his face...

In the last video I talk about how both Ben's Shoes and Jason' shoes are fundamentally the same business but they have different capital structures.

But we'll do a whole playlist on that.

I shouldn't have crossed it out, let me write it again. 4 billion, the 2.5 is what the market was saying.

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

you know I counted out 6 neutrons is that this is the total you could view this as the total number of

And if this is worth 2.5 billion, then your total assets are what?

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

Okay. I'm going to ask a few questions, and Google will respond.

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

I have a 1 million house on my balance sheet.

Fair enough.

You're not really a...

lapse, someone immediately attracted the greatest suspicion?

If you're controlling 10 of assets and you only have 1 of equity, you have 10 1 leverage.

So that's a liability.

We know there's a million shares.

And if you are an investor, you're probably going to want to do the last of the three.

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)

CA