Now, who are they accountable to?

And in the case of Jason's business

like an equation, but it's assets is equal to liabilities plus equity.

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

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

So maybe because of that, I'm in bankruptcy.

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

Are you sure?

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

Assets are always equal to liabilities plus equity.

The Japanese government made an important decision.

My boss made the decision.

Now, equity might not make a lot of sense to you right now, because I'm just saying, well, my equity is equal to my cash. in general, equity is just what you own.

If you send a spacecraft to the moon, you will need to analyse the situation to find out what resources are necessary for your expedition.

Finally.

It should start to make a little bit of intuitive sense

So returning to those big challenges that I mentioned at the beginning radical increases in resource efficiency, closing loops and a solar economy.

The reason is that the interface fundamentally determines the behavior.

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I'll do that in yellow.

The warden and the board of overseers are determined something be done. It's been decided.

One, what shares are share of

liabilities plus equity.

Today the court will decide if the men behind the Pirate Bay

I guess you can't quantify charisma and good looks.

I've decided, gentlemice.

Then it's decided.

I use 100 gold pieces.

And then the equity is, essentially we would look at this formula.

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I won't revise this equation, but this is the fundamental equation that governs when things are in focus, for a lens.

In a world without leverage so if I didn't have all this

So this is just another visual representation that

It doesn't sound like we borrowed money or anything.

Certain kind of decision.

Whose idea was this?

Good health is his capital.

What happens in a closed end fund is that all of the investors are essentially

liabilities.

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So now it's getting interesting.

Well not yet.

...I'm printing the money so that I can buy particular assets,

But let's say its assets are worth 1 million.