We had a 10 return on assets.

So its assets.

That assets, A for assets, is equal to

2008 happens.

Malibu Equity and Investments.

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

So 225,000

I don't want to draw this box.

And rich, eh?

I was a live wire of nervous hormones.

I'll do that in yellow.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

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

These are my assets, and these are my 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.

liabilities plus equity.

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

So this is the assets.

I still have no liabilities

It's the same plot.

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

Soon ripe, soon rotten.

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.

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.

So whenever they get this money into circulation they do go out there and they do buy assets usually treasury assets, and then they say even, Indeed, although the bank of Japan's policy, so he's comparing relative to what Japan did when they kind of faced deflationary crisis.

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

let me give you that piece of terminology, it just means net asset value.

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

Manage your personal finances

That just comes out of the definition of what equity is.

And so that cash ended up here.

And so liabilities plus equity is equal to assets.

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

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.