The Richest Man Yang Fei - Chapter 522
Chapter 521 The economic effect of 1 yuan
“Is only one dollar left?” Fu Heng was taken aback. He obviously didn’t expect that Yang Fei would ask such a question, and said in deep thought, “I never really thought about this. If one day, I’m really poor. There is only one dollar left, what can I do?”
This is an exam question.
What is tested is your attitude towards life, but also your choice in the face of setbacks.
At the same time, this question is still testing economics and business acumen.
You are not nothing.
You still have a dollar!
This dollar is your capital!
With this dollar, what can you do and what can you do?
Fu Heng couldn’t figure out what is the use of a dollar?
Buy wine for a dollar? Get drunk and feel that life is like a dream?
You can also buy a rope, this is a stubborn life?
Fu Heng said with a heavy face, “I can’t think of it. Maybe I will take this dollar and come here to eat a bowl of small noodles, and then do what I should do. The business has failed, and my life has to go on.”
Yang Fei asked Fu Ying: “Where is Miss Fu? Are you interested in answering this question?”
Fu Ying said: “The situation you mentioned is simply impossible for me. Even if I have only one dollar left, but I have relatives and friends, I can still work, and I can also make money.”
Yang Fei nodded: “So this is just a hypothesis. For example, your dad and I did a business partnership and lost 1 billion and owed the bank 1 billion. Do you think, which friend or relative do you have will open the door to welcome you? You?”
Fu Ying was taken aback, lost in thought, and said, “That’s really a very sad thing.”
Fu Heng said: “This question asked by Mr. Yang is not impossible. I have had a friend like this. He was also in the antiques business. He accidentally learned of the place where a batch of Ming Dynasty merchant ships sank, so he invested all his fortune. He borrowed tens of millions of foreign debts for salvage.”
As he said, 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, laborious and costly work. The difficulty of salvaging a sunken ship depends on the conditions of the sunken ship and the sinking state, the environment of the sunken waters, and the geological conditions of the seabed. He spent two years and wasted hundreds of millions of dollars Funds, as a result, the value of those sunken ships is far from enough to repay debts.”
Yang Fei said, “This is really a sad story.”
Fu Heng said: “He has looked for everyone, but no one paid any attention to him. He came to me, and I saw that in the face of his past relationships, he gave him one hundred thousand yuan. He took the money and ran to Macau to gamble. One hand, and then lost completely again.”
Fu Ying asked, “Dad, what about him now?”
Fu Heng was silent for a while and said, “This year is already his third anniversary.”
Fu Ying said, “He committed suicide?”
Fu Heng said: “After losing, he jumped into the ocean.”
Fu Ying said: “Mr. Yang, then I’m very curious, what if it were you? You only have one dollar left, what would you do?”
Yang Fei said, “I will use this dollar as my capital and make a comeback.”
Fu Ying asked curiously: “The cost of a dollar? How to make money?”
Yang Fei said faintly: “One dollar also has purchasing power. As long as you have a good eye, one dollar can be turned into ten, one hundred, or one thousand.”
Fu Ying said: “I can’t figure out how to make money with a dollar? There are too many people with a dollar, and everyone did not get rich because of it.”
Fu Heng is also very curious, how to do business with a dollar?
Yang Fei said, “Let’s make an analogy. You can buy a stack of colored paper for one dollar, so it’s 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 colored windmill. It is sold at the entrance of kindergartens and elementary schools for a dime. In a day, this dollar can be turned into five dollars. The next day, five dollars can be turned into more money. When you have dozens of dollars , I can go to the wholesale market to buy some small commodities and set up a small stall.”
Fu Heng and his daughter looked at each other, both surprised and surprised by Yang Fei’s thoughts.
Yang Fei said: “You must think that my idea is somewhat fantastic, but it is indeed feasible. You may not believe it. When I first started my business, I only had two hundred and fifty yuan 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 successful now.” Yang Fei said, “I always feel that I am still starting a business. Therefore, when I eat a bowl of small noodles for one dollar, I also feel that this dollar is not easy to come by. If one day, when I only have this dollar left, I won’t even be able to eat this bowl of small noodles.”
Fu Heng laughed: “Mr. Yang, you are a regular general. Sometimes you can’t think of the day, don’t take the time for the time! It’s really rare for you to be so young and possess the wisdom of life only at my age. You asked 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 has shown me a kind of open-minded attitude. From the sunk cost, your approach is not wrong, and it is rare for you to maintain a kind of optimism. Mentality.”
Fu Ying said: “What is sunk cost?”
Yang Fei said, “Sunk costs are costs that have already occurred due to past decisions and are not changed by current will or decisions. For example, I bought this bowl of noodles for a dollar. I don’t think it tastes good. I think I have already spent money, and no matter how unpalatable it is, I have to finish it, but I feel wronged when I continue to eat. How do I choose 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 is also corresponding to an idiom in our country, which is called defiant recklessness. It is an old man walking on the road holding a crockpot and accidentally broken it. The old man ignores it and continues. On the way, someone asked him why he didn’t look at the crock pot. The old man replied that the crock pot was broken and could not be used anymore. What good is it to look at it? It’s better to hurry home earlier.”
Fu Ying said: “I haven’t learned this knowledge, but I think you make a lot of sense So, did you accept our shareholding?”
Yang Fei filled himself and Fu Heng with wine in his spare time, and asked, “Mr. Fu, do you know the marginal effect?”
Fu Heng said: “Ashamed, I only do some research on antiques. I have a glance at modern economics.”
Yang Feidao: “Marginal benefits can be roughly understood as such, that is, an economic entity in a market, in order to pursue the greatest profit, has expanded production many times, and the benefits generated by each investment will be between the benefits generated by the previous investment. There is a difference, and this difference is the marginal benefit.”
Fu Heng thought: “I still don’t quite understand.”
Yang Fei said: “For example, when a person is very hungry, the first bowl of noodles is a life-saving ration for him, and the marginal benefit is the greatest, because he is the hungry at that time, 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, but you can buy it or not. For him, is there any real benefit for the third bowl of small noodles? For him, it has been completely It’s worthless, because he doesn’t need it anymore.”
After speaking, he picked up the wine glass and took a sip, eyes like torches, looking at Fu Heng.