We had a 10 return on assets.

2008 happens.

So its assets.

I'll do that in yellow.

That assets, A for assets, is equal to

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.

In contrast, the Federal Reserve's credit easing approach focuses on the mix of loans and securities that it holds and on how this composition of assets affects credit conditions for households and businesses.

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

configuration

Investment has to be, in the new economy, protecting and nurturing the ecological assets on which our future depends.

liabilities plus equity.

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

I won't use the square tool.

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.

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.

Class Composition

leverage up against those inflated notions, you have to have a misallocation of wealth and, essentially, a lot of resources end up getting destroyed.

I use 100 gold pieces.

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

But when I talk about the asset, I'm talking about only the operating assets.

little bit.

I still have no liabilities

So I'll write that up here.

like a balance sheet.