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

Now, that was the purchase price of the house.

So immediately, they have 20,000 equity and an 80,000 loan.

How much equity do they have?

As opposed to wanting what we want when we want it.

Now this also, as good as it is, wasn't quite enough.

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

So how does that work?

And the self isn't the only thing it's not even most things.

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

Remember, it's free none of us are making any money on this thing.

His own bank?

Leadership training in Google, for example, places a lot of emphasis on the inner qualities, such as self awareness, self mastery, empathy and compassion, because we believe that leadership begins with character.

Yes, it's an enterprise.

We're now going to make all of our mortgage payments, the 10 payment, to this bank, this investment bank.

So essentially, these banks have a bunch of assets.

So let me delete this.

It has no liabilities.

So this is all equity.

And if this is a loan from Bank B, Bank B would have an asset called loan to Bank A.

Continue at Own Risk

Continue at my own risk

Whether people will continue to loan them money.

Whispers Where's the selfhelp section?

It demands that we optimize ourselves, that we control ourselves, that we self manage continuously, because that's the only way in which such a liberal society works.

So now the Special Purpose Entity is the owner of the mortgages .

They'll sell the loans to like, let's say, Bear Stearns. So that's an investment bank.

What's it like being an investment banker?

But it's roughly the right number.

And we'll introduce debt later, because that's another variable that a lot of people don't think about when they

People start shorting the stock, the stock go starts going down.

And so that cash ended up here.

The bank accommodated the company with a loan.

Papa went to the bank to ask for another loan.

So the asset value is all in equity.

The market is saying, this company's worth 10 million.

So essentially, these people have to put 20 down, and they had good credit scores, and all the rest.

A few months ago, I was reading this magazine, and there was this ad in the back about tapping into your hidden potential and I figured it couldn't hurt, so I went down to this office.

It could be a whole set of people.

Removed your restraing bolt, have you?

And the risk was that your stock goes to zero.

Then the number that pops out on the equity side, that is a book value of your equity.

Well I go to the bank.

Right?

They'll often say just like a big bucket of, they'll call them level three assets.