Well, this is New York State, Art. You'll write her a check for half of everything.

Actually, let me draw a couple more assets here just to show you this is the stinkiest of them all.

liabilities.

So the value of my assets go down by 50 .

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

So far they look very, very identical.

Howard Winklevoss founded a firm whose assets are in the hundreds of millions.

So its assets.

But that's not the case.

That assets, A for assets, is equal to

So I have 100 plus 300 plus 250 so it's 100.

My uncle is possessed of great wealth.

My uncle possesses great wealth.

Bank B has borrowed money from Bank C.

Remember the shares are split of the owner's equities not the split of the assets

But just think of it this way, leverage is the ratio of how much assets you have over how much equity you have.

And this goes back to the very first video we saw.

Arthur frobisher told his employees to invest in the company and then sold his own stock.

Malibu Equity and Investments.

And this was a home equity loan.

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

So in this situation, the company is worth what?

They are very intangible at this point.

Whenever she comes, she brings us presents.

Arthur Frobisher told his employees to invest in the company and then sold his own stock.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

The kids make up the names of the countries some are rich some are poor.

They'll often say just like a big bucket of, they'll call them level three assets.

The agenda was to kill the storm at least in that one particular spot.

She has some money of her own.

It's not like when you go into bankruptcy the company just disappears.

I have a 1 million house on my balance sheet.

Whoa, whoa, whoa. My goodness. Whoa, look what I have for you.

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.

We've transferred all his savings over to you.

And what I wrote here is, it has 4 billion of liabilities.

So what's our new balance sheet, after we've unloaded a

So they sell them and they only get 1 billion for them.

He is a man of wealth.

He's a wealthy man.

Or across the street from each other.