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.

I guess you could say non cash assets, right?

So it would be patent amortization.

I guess you can't quantify charisma and good looks.

And this goes back to the very first video we saw.

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

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

Ancillary would be number 2 referred revenue.

Amortization is the exact same thing, but it deals with intangible assets.

It was both Communist and Totalitarian.

I spent 60,000 on Capital Expenditure sometimes it's property plant and equipment .

So its assets.

So you can say assets of the firm.

So this is all equity.

That assets, A for assets, is equal to

Well there are, in a few suburbs.

Malibu Equity and Investments.

You don't even need the loan.

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

What's my current state of affairs?

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

Then you say, either these assets or somehow being undervalued or the company might have some assets that somehow are not captured on the balance sheet, right?

Because I squared, I multiplied the second derivative of y with respect I multiplied it times itself.

liabilities plus equity.

And you might not even be able to find anyone to buy it a year later.

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

So once again, I'm stuck holding this non liquid asset.

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.

Because it has no liabilities, it has no debt, and its assets are equal to its equity.

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.