"One of the things I learned from YLO is when analyzing debt I should always start off by taking Total assets MINUS all goodwill / intangibles / cost in excess. Then consider what is left over in relation to the liabilities."

Exactly. That is a subject that I had many arguments on (unfortunately they were not civil debates) when some of these mentally stunted pudknockers insisted they could use intangible as collateral on a bank loan. I think now you fully appreciate why intangibles are not recognized by a bank.

You are going to do alright. Stay humble, open minded and always be your own worst critic and you will in time reach your  financial objectives....and never ever ever get greedy and put it all on "Blacky in the 9th"