Mmhm. It's a real estate investment.

So its assets.

I'll do that in yellow.

Mortgage backed security.

And you might not even be able to find anyone to buy it a year later.

That assets, A for assets, is equal to

I'm worth 11,000.

levels of debt, will probably lose some money.

Malibu Equity and Investments.

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

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.

You'd have to give up 93 of your net worth.

I don't want to draw this box.

And rich, eh?

Remember liabilities plus equities are 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.

An asset is something that's going to give you some future economic benefit.

Jim has a lot of our nest egg invested in this real estate venture.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

Or they just have a super flush bank account.

So 225,000

So once again, I'm stuck holding this non liquid asset.

For example, government treasuries is a liquid security or a liquid asset,

liabilities plus equity.

So anyway, what happens in Chapter 11?

So that's the situation we're dealing with.

I won't use the square tool.

We had a 10 return on assets.

And why don't you like them as much?

And it's worth 100 gold.

That might be true to some degree.

The Raider's a military asset.

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

These are my assets, and these are my liabilities.

GM old goes to 0.

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.

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.

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

I use 100 gold pieces.