Mr Miura brought an action of libel against a weekly magazine.

And who lost here?

In the United Nations, half of the world is pushing to penalize the offense to religion they call it the defamation of religion while the other half of the world is fighting back in defense of freedom of speech.

I called 'em a couple of overgrown wharf rats and I had to pay 'em 4 million for the emotional damage it did.

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

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

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

Because if someone tells you debt to equity, you can figure out the assets to equity, but in this case, the debt to equity ratio before I took any losses it was what?

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

It should start to make a little bit of intuitive sense

In return on equity, the numerator is the net income that we got, so it's 350,000.

liabilities plus equity.

So this is just another visual representation that

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

It doesn't sound like we borrowed money or anything.

That just comes out of the definition of what equity is.

And so liabilities plus equity is equal to assets.

These kinds of things play out in lots of bad ways in humans.

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

Capitalist country.

So he owns it outright so all of the 100,000 of asset value is actually his equity.

How much equity do they have?

We Western donor countries have given the African continent two trillion American dollars in the last 50 years.

I'll do that in yellow.

And on the cash flow statement you express that saying

Capitalist jihad. Smart.

Let's figure it out. It's equity.

One, what shares are share of

You love your heroes.

Or the other way to view it is, assets minus liabilities is equal to equity, right?

And on the left hand side, I have no liabilities.

liabilities plus equity is equal to assets.

I use 100 gold pieces.

And then the equity is, essentially we would look at this formula.

They could say, well when I go to my financial planner, they said, oh, it's so inefficient for you to have all of that equity sitting in your house.

Land of opportunity.

So that's a very handsome return.

liabilities.

Illiquidity is a different situation.

And what I want to talk about is something that compliments both systems.

These are my assets, and these are my liabilities.

like an equation, but it's assets is equal to liabilities plus equity.

Good health is his capital.

So the only liability is this 5,000.