So the asset value is all in equity.

What does it imply about the value of that asset?

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

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

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

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.

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.

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,

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

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

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?

I still have 1 10 of 10 million of total asset value, because now he threw in his 5 million.

So the bank says, you know what, we're willing to lend you up to 75 of the value of your asset.

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.

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

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.

So their equity was actually 20,000 plus the 150,000 that they got from just the increasing asset value if they didn't enter into this transaction.

Do Low Interest Rates Ensure High Asset Prices?

Today we talk of people as an asset.

So this is kind of a frozen asset.

We thought we had a 4 billion asset.

The rights on those payments that's the asset.

Pez dispensers would not be a liquid asset

We say that we have a 60,000 asset.