I've gone over all of it with your money managers.

But when I talk about the asset, I'm talking about only the operating assets.

The dog! I was stunned with jealousy.

Six months later the newspaper was closed.

Because remember, income statements are just telling you how do you get from one balance sheet to another.

So its assets.

That assets, A for assets, is equal to

I'll check with Beasley at War Assets and see if we can't find another plant.

For example, if I have one company and actually maybe that's a good point to introduce a balance sheet

Malibu Equity and Investments.

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

So 225,000

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

The money which people can take has lower interest rate, people can repay it without fear.

This includes the production of electricity, the extraction of fossil fuels, and the manufacturing of all manner of goods, from microchips, to paper, to blimps.

I also wanna thank you for giving me the opportunity to discuss the asset management capabilities of Dean Witter which we believe to be far superior to anything you got going over at Morgan Stanley.

So the customer is going to give you cash in the future.

These are my assets, and these are my liabilities.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

liabilities plus equity.

So I'm going to give you a little equation, actually, just to take a little bit of a tangent.

So this is the assets.

I still have no liabilities

It's the same plot.

And what I wrote here is, it has 4 billion of liabilities.

He is a man of wealth.

He's a wealthy man.

Or across the street from each other.

So the total assets were 5 billion in assets.

You'd have to give up 93 of your net worth.

So this is just another visual representation that

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

Remember liabilities plus equities are equal to assets.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

So whenever they get this money into circulation they do go out there and they do buy assets usually treasury assets, and then they say even, Indeed, although the bank of Japan's policy, so he's comparing relative to what Japan did when they kind of faced deflationary crisis.

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

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

Manage your personal finances

Just think of the benefits when it comes to jobs, productivity, employment, child nutrition, maternal mortality, literacy and much, much more.

That just comes out of the definition of what equity is.

And so that cash ended up here.