These are my assets, and these are my liabilities.

So its assets.

This is worth 5 million.

It should start to make a little bit of intuitive sense

That assets, A for assets, is equal to

It's an asset that says, someone owes me that money.

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

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

Malibu Equity and Investments.

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

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

I don't want to draw this box.

And rich, eh?

So 225,000

I'll do that in yellow.

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

Remember liabilities plus equities are equal to assets.

That might be true to some degree.

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

like any corporation, and they have to, the liabilities, plus the equity has to match up to the assets.

Let's say this is Company x.

I've gone over all of it with your money managers.

I'll draw it a little bit bigger.

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

Malibu Equity and Investments. Roger Van Zant.

And what happens in bankruptcy?

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

What are my assets?

I won't use the square tool.

So once again they're valuing all of the assets at 225,000.

My liabilities would be 145,000.

We thought of people as a liability.

It has no liabilities.

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

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

These are their assets, just to get all the labelling right.

It's the same plot.

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 then the offsetting liability for me,

And there's only 10 shares. So they're valuing the assets at 500,000. And this is of course the market value of the assets.

The money which people can take has lower interest rate, people can repay it without fear.

So I'm going to give you a little equation, actually, just to take a little bit of a tangent.

But anyway, let's just, in the very abstract sense, say this is Company x's assets.

I still have no liabilities