Capital intensive industries are not necessarily knowledge intensive industries.

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

Howard Winklevoss founded a firm whose assets are in the hundreds of millions.

Into this broad category fall companies that run money lending and insurance businesses.

In this case, an EBlT might be a little bit more informative.

So this is Company let me do a new color let's say we're dealing with Company x right here.

Because in the last video I talked a little bit about return on asset, where we just took the operating profit, and we divide that by the assets.

So its assets.

The kids make up the names of the countries some are rich some are poor.

As economy develops, labor intensive industries give way to capital intensive industries.

That assets, A for assets, is equal to

I'll do that in yellow.

Education six, seven, eight percent of the economy and growing.

He was broken by the failure of his business.

Malibu Equity and Investments.

So if I just had a personal balance sheet,

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

He is a man of wealth.

He's a wealthy man.

The company bought shares in the venture.

We need a large amount of money for this project.

The new venture was financed by a group of entrepreneurs.

I don't want to draw this box.

And rich, eh?

The government should invest more money in industry.

Let's say out of this 10 million of assets, let's say that 9 million are operating assets.

Remember liabilities plus equities are equal to assets.

He works in the automobile industry.

Principal industry farming.

But essentially what happened is the investors in the mortgage backed securities provided the money to the special purpose entity to essentially loan to the borrowers.

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

Starting with newspapers, what we saw was high cost as an initial requirement for making information, knowledge and culture, which led to a stark bifurcation between producers who had to be able to raise financial capital, just like any other industrial organization and passive consumers that could choose from a certain set of things that this industrial model could produce.

All of the assets needed to start the firm, the pizzeria.

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

Are you a man of means?

And there are a lot of similarities between the Internet and the electric industry.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

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

How do we distribute ourselves around the world?

Anyone making money on a stock, as long as they're not manipulating it, on either the short or the long side, is actually a net asset for the stock.

So going back to what we were talking about, what is the post money valuation?

He invested two hundred dollars in a growing business.

The leisure industry is sinking more money into new resorts.

The industry is heavily dependent on government funding.