So its assets.

That assets, A for assets, is equal to

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

Malibu Equity and Investments.

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

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.

These are my assets, and these are my liabilities.

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

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.

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.

So this is just another visual representation that

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

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

So it's asset to begin with. It's essentially just an idea.

Remember liabilities plus equities are equal to assets.

And so liabilities plus equity is equal to assets.

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

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

And what happens in bankruptcy?

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.

But let's just kind of think about a generic balance sheet for a bank.

So 225,000

I guess you could say non cash assets, right?

Are you a man of means?

So in general if you want to know what I think is the best

This is worth 5 million.

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

So obviously there's no two companies that are identical in this way, but let's say that they are.

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

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

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

that assets are equal to liability plus equity.

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