Which implicitly means that the market value of this asset is 210,000.

Essentially when the market price of my asset dropped, all of that value came out of my equity.

So the asset value is all in equity.

Remember, there's a difference between book value and market value.

The market value could be very different.

The market value equity of 1.5 billion.

What does it imply about the value of that asset?

So it really depends on the market value.

Ben has actually done a good job of saying the market value of his inventory, the market value of his equipment.

But this is the market value of the assets.

That would have been the market value per share.

It's market value. Just like in a sushi shop.

And this is the market value of the equity, what the market thinks the equity's worth.

The market value tends to be the best representation of the true value of something.

And all an asset is, is something that has some future economic value.

Ethiopia's domestic market is about one billion dollars of value.

So the market cap, or what the market perceives the value of this equity is, the market capitalization, is these two numbers.

But the market value or assets is essentially, what is the market saying the assets are worth?

Asset seizure.

let me give you that piece of terminology, it just means net asset value.

And then, that gets you to the market value the equity.

But when the market value, or the market cap, is below the book equity, that's the market just saying, hey we're calling your bluff.

So the market value of this avocado is 1 and the market value of this orange is 0.5, then by producing this fruit the market value, the GDP has increased by 0.50 by producing this avocado it's GDP has increased by 1.

But when you actually back out the implicit value of the asset, all of a sudden you realize that you're really overpaying for this asset.

They just look purely at the equity value or the market capitalization.

That's the situation where the market price is above the book value.

But in this case our market cap is below our book value.

So that 1.5 billion value of these CDOs, the market value of these CDOs, is not truly accurate.

Asset unscheduled stop.

you have to buy this back from me at the NAV (net asset value) per share.

And if they accept it, it'll raise their asset value and we can win the game.

If this is the market value so let's say this is the stock price, or the market stock price I'd be skeptical of paying two times the book value.

And then it figures out, what is the market value of your home?

We're willing to say that the market value of your equity is 210,000.

I think that's what I wanted a write here, market value of equity.

And we feel that over the next five years, if Ethiopia can capture even 40 percent, just 40 percent, of the domestic market, and add just 25 percent value to that market, the value of the market doubles.

By applying the same price to earnings, we're saying that the market value of this equity is 210,000, while the market value of this equity is what was it? 189,000.

Let's say that the market value we talked before that the book value per share of this company is 5.

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

So he owns it outright so all of the 100,000 of asset value is actually his equity.

Now, each of these shares, well the 1,000 is called the NAV, or the net asset value,

It's the same asset.

So that's the asset.

So it's an asset.

That's an asset, right?