Booty, funds

The capital for this plan was prepared.

Scott first changed a watch for a book, then the book for money.

less capital intensive that there's less money that's required

So my initial equity is 300 gold pieces.

No matter how bad it was economically, he always got himself paid.

They exchanged Japanese money for American.

To make money it is necessary to have money, capital.

So when you have this regular open end mutual fund, any individual investors can come to the fund and say

So now and we're in year four.

Her business was started with capital of 2000.

Her business was started with capital of 2,000.

So the big difference open ended fund when an investor wants their money back they have to deal with the fund itself the fund will buy back their share

The least important form of capital, in this project, is financial capital money.

I want to know what he's thinking, so I just ask him!

No industry. No capital. Money is worthless.

Let's say my building is worth 100 gold pieces and then I capitalize it with another 200 gold pieces.

We've got our funding.

If I just enter into some transaction where I get cash in exchange for debt, my equity shouldn't change.

You should enter king of the beats. its a fantastic challenge

I have 300 gold pieces of reserves

And so there is a thread of something that I think is appropriate.

So it gives these shares to each of these people, and they have to contribute 200, so essentially, it puts another 1,000 into the pool, that Pete can now manage, and so now the total NAV for the fund is 2,000 now and Pete will get his 1 management fee off of this entire 2,000.

This is the angel investor, and this is all of us down here, and all of this is equity.

The company was started with 100,000 in capital.

And I'm actually going to initially capitalize this bank with 200 gold pieces.

Your what?

That and money.

... it all just sounds so, so simple.

I guess you could say non cash assets, right?

So, as far as getting money for the rocket...

Monetary policy is more indirect.

And that seems like a pretty reasonable proposition.

What do they tell you?

Supporting financially

I met him on the train.

liabilities plus equity.

Maybe a little bit later, we said, this could be exchanged for gold at some rate maybe 35 per ounce.

And on the other side of a thing, if someone wants to redeem their shares, they would redeem 5,000, 10,000, or 100,000 shares at the same time.

So, think about the story of JSTOR.

Where am I taking this money out of?

The company has a capital of 500,000 pounds.

My rainyday fund. Sixtyeight thousand, okay?

One fundraiser with my pals you'll never need another cent.

It should start to make a little bit of intuitive sense