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

But what if this equity is worth zero?

liabilities really are only 105,000.

So 26 minus 23 is equal to 3.

And that worked out pretty well.

They are just going alone! (Applause)

Everybody knows, you should absolutely not work with your spouse.

This was not a cash expense, so from our operations we had 50,000 dollars,

If it had 10,000 shares, and actually both of the shoe companies had 10,000 shares, then the market is essentially valuing the equity of Ben's shoe company at 215,000, even though the book value of the equity was 135,000.

And if you took a 5 million loan, then what you really own, if you were to kind of sell all of this, you would get 5 million of equity.

So they did build some equity through housing appreciation, just the house didn't go from 100,000 to a 1,000,000, it went from 100,000 to 250,000.

You have 3 billion of assets, 4 billion of liabilities, this is actually minus 1 billion of equity.

'Cause I told him.

So investor C, let's say he comes in and he puts in 20,000.

The government is essentially writing a 2 billion check to the equity holders of this company.

There's a lot of ways you can raise debt, and actually there's a lot of ways you could raise equity, it actually doesn't have to be with selling.

I was told I was dyslexic.

But I just wanted to make it clear that that's obviously the best way to generate capital for your business is when the business itself generates capital.

Anyone making money on a stock, as long as they're not manipulating it, on either the short or the long side, is actually a net asset for the stock.

Let's say this stock trades down, and it's trading at 50,000.

I couldn't really talk to her about books, you know?

Well, you always have to keep some cash on line just to conduct business.

And of course, these people benefit because they get safekeeping for their accounts and their money is actually growing.

This will lead to inflation.

Maybe the first time they run their model, they actually say it's worth zero.

You have 1 to 3 million Vietnamese

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

And let's say if we looked at Company x's assets, and when we talk about assets, it really is the same thing that we mean in the real world or in our everyday life when we talk about assets.

It was really fun actually.

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

Actually, Tom is his real name.

Now we can do another notion, and that's return on equity.

We're not dead. We're fine. We're fine.

actually, not really.

Actual Pixels

Actual effort

Actual cost

Actual Effort

Actual Cost

Actual Start

Actual Finish

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

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

linear combination of a and b.