Old money. Mr. Plaskett's an architect. Mom's a sculptor.

Next

So its assets.

That assets, A for assets, is equal to

Malibu Equity and Investments.

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

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.

Phuong, I'm not a rich man but I do have assets.

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.

Where's he gone? cried the man with the beard.

You're out!

Out.

OUT!

OUUUUT!

Out!

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

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.

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

So this is just another visual representation that

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.

You are out.

That was out.

It was in. Out.

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

All of the assets needed to start the firm, the pizzeria.

Or they just have a super flush bank account.

Remember, every time it'd issue a loan, like for right here, it issued a 100 gold piece equivalent loan to D and instead of giving D 100 gold pieces from, say, right here, it just created a checking account for D, which later D paid to A and that's why it's labeled A right here. Let me relabel another thing because the gold is a different color just so you see the gold.

But let's just kind of think about a generic balance sheet for a bank.

So 225,000

I guess you could say non cash assets, right?

Are you a man of means?

And what happens in bankruptcy?

Yeah. Okay.

These are my assets, and these are my liabilities.