Let's calculate our total liabilities.

So let me draw that out.

And then when I have 1 10 of two million shares,

So its assets.

With private ownership nonexistent, our wellbeing is on the rise.

But let's just look at what they're saying.

Now we have 225,000 in cash.

That assets, A for assets, is equal to

And this is another important thing to think about.

Personal fortune assessed over fifteen million. He'll leave plenty, I tell you.

Frobisher's net worth is upward of two and a half billion dollars.

I can do is... So he needs 100 gold pieces.

Malibu Equity and Investments.

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.

like an equation, but it's assets is equal to liabilities plus equity.

Look. This company over here, we're going to issue more shares, for more people to contribute money

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.

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

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

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.

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.

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.

So 225,000

I guess you could say non cash assets, right?

Are you a man of means?

Because remember, this piece right here only adds up to 140,000!

These are my assets, and these are my liabilities.

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

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