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

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

It has no liabilities.

So this is all equity.

So the asset value is all in equity.

The market is saying, this company's worth 10 million.

Now, that was the purchase price of the house.

And we'll introduce debt later, because that's another variable that a lot of people don't think about when they

Remember, it's free none of us are making any money on this thing.

Yes, it's an enterprise.

So immediately, they have 20,000 equity and an 80,000 loan.

So its assets.

Selfstimming is self comforting.

Now there are three levels of self to consider the proto, the core and the autobiographical.

That assets, A for assets, is equal to

Malibu Equity and Investments.

How much equity do they have?

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

But the novelty is here.

Self sign

Self Association

Collaboration Self Message

Sequence Self Message

Opposable thumbs

He hates himself.

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.

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.

Or who we really want to be, or should be?

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.