After the bell rang, the students in the classroom rushed out of the classroom as if they were charging, and Ma Guodong and Lu Shanmin had long been accustomed to this phenomenon.

Soon, there were only two people left in the classroom, the old professor and Lu Shanmin, Zeng Yaqian went to the United States, and of course the old professor had to answer questions himself.

In this class, the old professor focused on the bubble economy, according to the old professor. Bubble economy refers to an economic state in which the value of assets exceeds that of the real economy and it is easy to lose the ability to sustain development. Bubble economies are often supported by a lot of speculation and are essentially greedy. Due to the lack of support from the real economy, its assets are as easy to burst as bubbles, so it is called a "bubble economy" in economics. When the bubble economy grows to a certain extent, it often leads to a rapid decline in asset value due to market expectations or myths that support speculation, which is known in economics as bubble bursting.

Lu Shanmin does not understand this passage too much, the development of the economy is largely determined by the expectations of consumers or the market, and the bubble economy precisely criticizes this expectation.

Sitting in the classroom, Lu Shanmin couldn't help but ask suspiciously, "Old professor, both "The Wealth of Nations" and "Foundations of Economics" have mentioned that market expectations are the compass of economic development, how can you say in this class that this kind of expectation has led to a bubble economy?"

Ma Guodong said: "Expectations are also divided into real expectations and false expectations, and the bubble economy is caused by these false prosperity and false expectations."

Lu Shanmin continued: "Everyone's needs and personal insights are different, and their expectations are naturally different, so how can there be a difference between truth and falsehood."

Seeing that Lu Shanmin's face was still at a loss, Ma Guodong thought for a while and said, "Let me give you an example."

"Don't you young people like to chat online now"?

Lu Shanmin shook his head, "Haven't you talked about it"?

Ma Guodong frowned, "I almost forgot that you are a mountain villager, so let's pretend that you are like those rabbit cubs, and you also like online chat."

Ma Guodong continued: "Let's assume that the purpose of your online chat is to pick up girls, and then define this behavior as a corporate behavior, which is entrepreneurship. When you come up, there are so many MMs, which is called great market potential; but there are also many men, which is called fierce competition; you decide to attract the attention of beautiful women, this is called positioning; you say that you are handsome and rich, this is called hype; you ask "who wants to chat with me", this is called advertising; you ask "are there any beautiful women", this is called market research, and there are 500 people who answer "I am a beauty" at the same time, which is called "bubble economy".

Lu Shanmin nodded thoughtfully, "You mean, the market has deceived the enterprise."

"Yes, if the company believes this lie and blindly expands, only to find out in the end that it does not have so many customers, it will go bankrupt, and this is the bubble bursting."

Lu Shanmin nodded, the old professor's easy-to-understand explanation was much easier to understand than the meaning of the definition.

During this time, Lu Shanmin gradually felt Wang Dahu's original worry, after all, there were twenty or thirty people under his command to eat with him, if one day Luo Xing and Hu Weiyong were for greater interests, or were threatened enough, they could terminate the contract at any time, and at that time it was a trivial matter whether they could eat or not, and the dozens of people under him trusted themselves so much, how should they be responsible for them when the time came.

Thinking of this, Lu Shanmin asked again: "Old professor, there is an old saying in economics, called 'don't put all your eggs in the same basket', but at the same time, you mentioned in the last class that if an enterprise is too wide, it will inevitably have limited energy, and it is easy to appear too many but not refined, but lose its core competitiveness." As an enterprise, is it better to diversify and develop, or is it better to specialize in only one field"?

Ma Guodong smiled with satisfaction, "This question is very good, after the last class, only you raised it, it seems that you have indeed thought about this problem."

"I ask you, what is the first priority in life"?

Lu Shanmin replied without thinking: "Survival."

"Yes, only when people first meet the conditions for survival will they think about their ideals and ambitions, and will they think about life in the universe. ”

"It's the same with enterprises, first of all, they have to survive to be qualified to talk about diversity and specificity. Looking at those successful enterprises, in the initial stage, some rely on diversification to survive, and some rely on absolute leading professionalism to survive and develop. So there is no such thing as who is right and who is wrong, if you can't do it in the industry, you should consider diversification in case you are defeated by competitors at any time, if you are already absolutely irreplaceable in the industry, there is no need to waste human and financial resources to invest in industries that you are not familiar with, just continue to lead."

Lu Shanmin suddenly realized, and he also strengthened his inner thoughts, there are three bars on Minsheng West Road, and his business is stuck by Hu Weiyong and Luo Xing, especially the recent incident, which makes Lu Shanmin have a deep sense of crisis. As a group of small security guards, Lu Shanmin clearly knows that his value is limited, even if there is no competition between the two tigers on Minsheng West Road, he is not completely irreplaceable. As long as the external pressure and interests are large enough, there is a danger that it may be abandoned at any time, and Luo Xing's inaction is the best example. What's more, she promised Zeng Yaqian that she would fight side by side with her in three years, and now that half a year has passed, Yaqian has been working hard, and she should not be satisfied with the status quo.

Lu Shanmin pondered for a moment, and asked with some confidence: "Old professor, if I want to set up a company, do you think it is feasible?"

Ma Guodong was stunned for a moment, first surprised, then a little surprised, and asked with a smile: "I've opened my mind, is it because I saw Yaqian set up a company and wanted to catch up."

Lu Shanmin touched his head embarrassedly, "Not exactly, but old professor, how did you know that Yaqian had established a company?"

Ma Guodong smiled, "Who am I? A well-known economist in the East China Sea, if you want to set up a company, of course you have to come to me to learn from me, you two really have a good heart, and you are very discerning, and you know to ask me this old man."

Lu Shanmin smiled awkwardly, "I just have an idea, and I don't know anything about the company."

Ma Guodong pursed his lips, "When you first entered this class, you wrote 'Adam Smith' as 'duck eggs and dead rice', and now you have learned well, and you have surpassed many other students." Don't worry, it's not difficult, it's easier than studying economics."

Lu Shanmin looked at the old professor in surprise, "Really"?

Ma Guodong smiled, "When did I lie to you", he stroked his gray beard as he spoke, "The ultimate purpose of learning is to use it, and then confirm what you have learned in practice, and then you can create it." We economists, to put it bluntly, are just hindsight on paper, and the word "expert" is not right."

Lu Shanmin smiled happily, "So you support me?"

"Of course, no matter how much you read about economics, it's useless, and if you don't go to break through in the tide of the market economy, what you say is empty talk, and I hate those self-righteous guys the most, who have neither been in business nor politics, and talk highly, write a few papers and think they can save the world, and go around blindly, and think that they are great, which is pure nonsense."

Lu Shanmin smirked, thinking, aren't you also such a person, but he didn't say it.

Ma Guodong frowned, "What kind of smile are you, laughing at me for being like them."

"Hehe, don't dare".

Ma Guodong knocked Lu Shanmin's head, "I think you are bold."

"What company are you going to set up"?

Lu Shanmin shook his head, "I just suddenly had this idea, and I didn't plan carefully."

Ma Guodong nodded, "It's right to plan carefully, but many things are better to think about than to do more, and many people think about it and don't think about it."

Lu Shanmin smiled and nodded, "When I finish dealing with some of the current things, I think it won't be too long."

Ma Guodong nodded, "That's good, one blow and then three times and exhaustion, just do it when you think about it, don't think too much."

Lu Shanmin was about to leave, but after thinking about it, he turned his head and asked, "Professor Ma, what is the Internet?"

Ma Guodong smiled slyly, "The dead duck has a hard mouth, and he thinks of Yaqian"?

Lu Shanmin touched his head embarrassedly, "I just want to find out."

Ma Guodong said earnestly: "Mountain people, many things in this world need to be touched in person, don't look at those rabbit cubs who don't do their jobs, chat and play games on the Internet all day long, in fact, it is another social form, you can't even use a computer, how can you know the Internet."

Lu Shanmin was stunned, "You mean you want me to go and chat and play games online like them."

Ma Guodong glared at Lu Shanmin fiercely, "Who told you to do that kind of useless thing, a college student who still comes to fart to chat and play games on the Internet every day, aren't you just like those depraved rabbit cubs, I am letting you understand, it is not impossible to play a few games occasionally, but you have to go with the mentality of understanding, not playing games for the sake of playing games."

"Oh, isn't this like a market economy, where there are more people playing games, and a market is formed, and if you are a company, you should understand this market in order to make a profit."

Ma Guodong nodded, "That's the truth, of course, it's also because as a person, you should also understand what is going on with others."

Saying that, he stroked his beard, and said with a smile: "Actually, I didn't understand how those rabbit cubs could be so obsessed with those nihilistic games, and I also played a few fantasy westward journeys a few days ago, hehe, don't say it, it's really enjoyable."