They said, this is a good asset class.

Then more and more people liked this asset class.

When we measure GDP as a measure of economic performance at the national level, we don't include our biggest asset at the country level.

So the 1 million asset would really become an 800,000 asset.

It's the same asset.

So that's the asset.

So it's an asset.

That's an asset, right?

That's its asset it has.

So it's an illiquid asset.

This is a real asset.

Why is cash an asset?

So in a lecture based class, half the students are above that level and half are below.

The entire asset was his equity.

It's derived from the original asset.

That improves my return on asset.

So I would revalue the asset.

So cash could be an asset.

So that's what an asset is.

He would be a great asset.

Level I will be here, level 2 is here, level 3, level 4, level 5, and so on.

Level Data of Level 10

But anyway, the whole point of this video is, is when you have these asset bubbles, like in real estate, and you have this downplaying of risk, and this psychology that an asset class can only go up.

So when you have an asset, if the asset is cash, the rent on it is interest.

So it's like 3rd class, 2nd class, 1st class.

Level?

Level

Level

Level

Level

level?

level?

level.

Level.

And so you create a derivative asset.

I have a 5 return on asset.

He's getting this great return on asset.

I'm getting this crummy return on asset.

So my return on asset is 7 .

I have one asset in the world.

So for example, cash is an asset.

For example, I am in a high level math class that actually gives me college credits for next year.

Class

class

Class