The Richest Man Yang Fei

"So poor that there is only one yuan left?" Fu Heng was taken aback. He obviously did not expect that Yang Fei would ask such a question, and said in a deep voice, "I really never thought about this. If one day, I am really poor I have only one dollar left, what can I do?"

This is an exam question.

The test is your attitude towards life, and it is your choice in the face of setbacks.

At the same time, this question is still testing economics and business acumen.

You don't have everything.

You still have a dollar with you!

This dollar is your capital!

With this dollar, what can you do, and what can you do?

Fu Heng couldn't figure it out, what's the use of a dollar?

Buy wine for a dollar? Get drunk and feel that life is like a dream?

Can you still buy a rope and end your life?

Fu Heng said with a serious face: "I can't think of it. Maybe, I will take this one dollar, come here to eat a bowl of small noodles, and then do what I should do. If the business fails, life must continue."

Yang Fei asked Fu Ying, "Where is Miss Fu? Are you interested in answering this question?"

Fu Ying said: "The situation you mentioned is impossible for me. Even if I have only one dollar left, I have relatives and friends, I can still work, and I can still earn money."

Yang Fei nodded: "So this is just a hypothesis. For example, your father and I started a business partnership, lost one billion yuan and owed the bank one billion yuan. Do you think any of your friends or relatives will open the door to welcome you?" You?"

Fu Ying was startled, fell into deep thought, and said, "That's really a very sad thing."

Fu Hengdao: "The question Mr. Yang asked is not impossible. I once had such a friend who was also in the antique business. He accidentally learned of the places where a group of merchant ships in the Ming Dynasty sank, so he invested all his money and even raised money. Borrowed tens of millions of foreign debts for salvage."

As he spoke, he picked up the wine glass, took a sip, and said in a deep voice:

"The salvage of a sunken ship is a time-consuming, labor-intensive and expensive task. The difficulty of salvaging a sunken ship depends on the condition of the sunken ship and its underwater sinking state, the water environment of the sunken ship, and the geological conditions of the seabed.

He spent two years and wasted hundreds of millions of funds. As a result, the value of those sunken ships was far from enough to repay the debt. "

Yang Fei said: "This is really a sad story."

Fu Hengdao: "He looked for everyone, but no one paid any attention to him. He came to me, and I gave him 100,000 yuan for the sake of the past friendship. He took the money and ran to Macau to gamble. One, and then lose it all again."

Fu Ying asked, "Dad, what about him now?"

Fu Heng was silent for a while, and said, "This year is already the third anniversary of his death."

Fu Ying groaned: "Did he commit suicide?"

Fu Hengdao: "After losing, he jumped into the sea."

Fu Ying said: "Mr. Yang, I'm curious, what if it were you? You only have one yuan left with you, what would you do?"

Yang Fei said: "I will take this one dollar as capital and make a comeback."

Fu Ying asked curiously: "The cost of one dollar? How to make money?"

Yang Fei said calmly: "One dollar also has purchasing power. As long as you have the right vision, one dollar can be turned into ten dollars, one hundred dollars, or one thousand dollars."

Fu Yingdao: "I can't figure out how to make money with one dollar? There are too many people with one dollar, and everyone hasn't gotten rich because of it."

Fu Heng was also very curious, how to do business with one dollar?

Yang Fei said: "Let me make an analogy. One yuan can buy a stack of colored paper, which counts as fifty. I can use this stack of colored paper to fold it into a paper windmill, and find some free bamboo branches to make a beautiful colorful windmill. They are sold at the gates of kindergartens and primary schools for ten cents each. One day, this one dollar can be turned into five dollars. The next day, five dollars can be turned into more money, and when there are dozens of dollars , I can go to the wholesale market to buy some small commodities and set up a small stall."

Fu Heng's father and daughter looked at each other, both surprised and surprised by Yang Fei's thoughts.

Yang Fei said: "You must think that my idea is a bit fanciful, but it is indeed feasible. You may not believe it. When I first started my business, I only had two hundred and fifty dollars in my pocket."

Fu Heng and his daughter were shocked again.

Two hundred and fifty dollars!

Yang Fei used this little money to create a huge business kingdom!

"I can't say I'm successful yet." Yang Fei said, "I always feel that I'm still starting a business. So, when I eat a bowl of small noodles that cost RMB 1, I also feel that this RMB is hard-won. If one day, when I only have this dollar left on me, I won’t even be able to eat this bowl of noodles.”

Fu Heng chuckled: "Mr. Yang, you are always thinking about the timeless day, don't take the timeless time as the time! You are so young, but you have the wisdom of life only at my age. It is really rare. You ask me this question , it seems that my answer did not meet your expectations?"

Yang Fei said: "Everyone's choice is different. Mr. Fu's choice shows me an open-minded attitude. From the perspective of sunk costs, your approach is not wrong, and you are rare to maintain a kind of optimism. mentality."

Fu Ying said: "What is a sunk cost?"

Yang Fei said: "Sunk costs are costs that have already occurred due to past decisions and cannot be changed by current will or decisions. For example, I bought this bowl of noodles for one yuan and thought it was not delicious, but once I think I have already spent money, and I have to finish eating no matter how bad it is, but I feel wronged if I continue to eat. How do I choose at this time?"

Fu Ying said: "If it were me, I would just leave. Since it doesn't taste good, why should I wrong myself?"

Yang Fei said: "The sunk cost in economics also has an idiom corresponding to it in our country, which is called ignoring the retort. It was about an old man who was walking on the road with a crock pot and accidentally broke it. The old man ignored it and continued On the way, others asked him why he didn’t look at the earthen jar, and the old man replied that the earthen jar was broken and could no longer be used, so what’s the use of looking at it again? It’s better to hurry home as soon as possible.”

Fu Ying said: "I haven't learned this knowledge, but I think what you said is very reasonable. So, have you accepted our investment?"

Yang Fei took the time to fill himself and Fu Heng with wine, and asked, "Mr. Fu, do you know the marginal effect?"

Fu Hengdao: "I'm ashamed, I only have some research on antiques, and I have a second eye for modern economics."

Yang Feidao: "Marginal benefit can generally be understood in this way, that is, an economic entity in a market, in order to pursue the maximum profit, expands production many times, and the benefit generated by each investment will be equal to the benefit generated by the last investment. There is a difference, this difference is the marginal benefit."

Fu Hengsi thought, "I still don't quite understand."

Yang Fei said: "For example, when a person is very hungry, the first bowl of small noodles is a life-saving ration for him, and the marginal benefit is the greatest, because at that time he is the most hungry, even if he spends a little more money, He is also willing to buy. The marginal benefit of the second bowl of small noodles has been halved, so he can buy it or not. Does the third bowl of small noodles have any real benefits for him? For him, it is completely It's worthless because he doesn't need it anymore."

After speaking, he picked up the wine glass, took a sip, and looked at Fu Heng with burning eyes.