So, if I were to draw a balance sheet for someone's house, it would look something like this.

And that loan wouldn't be a bad idea because if this person isn't lying about their balance sheet, or I'm not

Sal Whatever's left over is your equity.

All of these banks, each of these kind of represents the balance sheet of a bank.

I'm only going to get 50 gold pieces back.

Soft, Soft, Tough, Soft.

Weak

Light

Weak.

I care about the assets.

But it doesn't hurt to review it here.

That's not too hard to value.

So going into day 10, this is his balance sheet

Tom is weak.

Weak Entity

But the underlyingconcepts really aren't that fancy.

This is kind of my whole personal balance sheet.

And just so you don't get confused, there's always a

So we had 1 million and then we raised 10 million more.

So in this situation, what happens?

It's very interesting. Very undemocratic receptor.

Soft, Soft, Tough, Tough,

Soft

And all companies don't have the same amount of shares.

Or assets minus liabilities is equal to equity.

Let me explain it.

Frankly, it doesn't have to be a bank.

And let's say these are its assets right there.

There's the income statement and the other two are the balance sheet, which I have drawn a lot in a lot of the other explanations I've done on the financial crisis and whatever else.

I am weak in geography.

She's nuts.

No place for weakness.

So weak.

You shot that cute, little dog? !

Weakening.

Weak.

let me do demand in a different color.

So let's see where we left off.

I want to have money back in my vaults.

But we'll just assume we start a corporation.

a weak people, a people ripe for destruction.

I have no liabilities.

But we can see I've drawn a bunch of balance sheets before and I think this is a good time to draw a balance sheet.

So I'm going to describe what illiquidity means to you.

Let me scroll down a little bit.