"So poor that there is only one dollar left?" Fu Heng was stunned, he obviously didn't expect that Yang Fei would ask such a question, and muttered, "I really never thought about this, if one day, I am really so poor that I only have one dollar left, what can I do?"

This is an exam question.

It is your attitude towards life, but also your choice in the face of setbacks.

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

You don't have nothing.

You've got a dollar on you!

This dollar is your capital!

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

Fu Heng couldn't think of it, what was the use of a dollar?

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

Can you also buy a rope and live this life?

Fu Heng said with a heavy face: "I can't think of it, maybe, I will take this yuan and come here to eat a bowl of noodles, and then do whatever I want." The business fails, and life has to go on. ”

Yang Fei asked Fu Ying, "What about Miss Fu?"

Fu Ying said: "The situation you said can't happen to me at all." Even if I only have one dollar left, I have relatives and friends, I can still work, I can still make money. ”

Yang Fei nodded: "So this is just an assumption." For example, if I am in business with your father, and I lose 1 billion and owe 1 billion to the bank, do you think any other friend or relative of you will open the door to greet you?"

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

Fu Heng said: "The question asked by Mr. Yang is not impossible. I once had such a friend, who was also in the antique business, and accidentally learned about the location of the sinking of a batch of Ming Dynasty merchant ships, so he invested all his net worth and borrowed tens of millions of foreign debts for salvage. ”

As he spoke, he took a sip of his glass, and said in a deep voice:

"The salvage of the wreck is a time-consuming, laborious and expensive work, and the difficulty of salvaging the wreck depends on the condition of the wreck and the sinking state, the environment of the wreck waters and the geological conditions of the seabed, etc., he spent two years and wasted hundreds of millions of dollars, but the value of the wreck is far from enough to repay the debt. ”

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

Fu Heng said: "He has looked for everyone, but no one pays attention to him. He came to me, and I gave him 100,000 yuan for the sake of my past friendship. He took the money, went to Macau to gamble, and then lost it 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 sighed: "He committed suicide?"

Fu Heng said: "After losing, he jumped into the sea. ”

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

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

Fu Ying asked curiously: "How much does a dollar cost?"

Yang Fei said lightly: "A dollar also has purchasing power, as long as the vision is accurate, a dollar can become ten, hundred, or thousand." ”

Fu Ying said: "I can't think of it, how to make money with a dollar? There are too many people with a dollar, and everyone has not become rich because of it." ”

Fu Heng is also very curious, how to do business for one dollar?

Yang Fei said: "Let me make an analogy, one dollar can buy a stack of colored paper, count it as fifty." I can use this stack of colored paper, fold it into a paper windmill, and then find some free bamboo branches, make a beautiful colored windmill, and sell it at the entrance of kindergartens and elementary schools, one dime, and at the end of the day, this dollar can become five yuan. The next day, five dollars can be turned into more money, and when I have a few dozen dollars, I can go to the wholesale market to batch some small goods and set up a small stall. ”

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

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

Fu Heng's father and daughter were shocked again.

Two hundred and fifty dollars!

Yang Fei used this money to create a huge business empire!

"I can't say I've succeeded yet. Yang Fei said, "I have always felt that I am still starting a business." Therefore, when I eat a bowl of noodles for one dollar, I also feel that this dollar is not easy to come by. If one day, when I only have this one dollar on me, I won't even be able to eat this bowl of noodles. ”

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

Yang Fei said: "Everyone's choice is different. Mr. Fu's choice made me see an open-minded attitude, in terms of sunk costs, your approach is not wrong, and you have a rare optimistic attitude. ”

Fu Ying said: "What is sunk cost?"

Yang Fei said: "Sunk cost is the cost that has occurred due to past decisions and is not changed by the will or decision of the present. For example, I bought this bowl of noodles for a dollar, and I thought it was not delicious, but when I thought that I had already spent money, no matter how unpalatable it was, I had to eat it, but I felt wronged by myself if I continued to eat it. How do you choose at this time?"

Fu Ying said: "If it's me, I'll leave directly, since it's not delicious, why should I be wronged?"

Yang Fei said: "The sunk cost in economics also has an idiom corresponding in my country, which is called depravity. It is said that an old man was walking on the road with a crockpot in his arms, and accidentally broke it, and the old man continued to hurry, and when others asked him why he didn't look at the crockpot, the old man replied that the crockpot had been broken and could not be used, so what was the use of looking at it again? It was better to hurry home as soon as possible. ”

Fu Ying said: "I haven't learned this knowledge, but I think you make a lot of sense." So, did you accept our stake?"

Yang Fei poured himself and Fu Heng full of wine, and asked, "Mr. Fu, do you know the marginal effect?"

Fu Heng said: "I'm ashamed, I only have some research on antiques, and I have two eyes on modern economics." ”

Yang Fei said: "Marginal benefit, can be roughly understood in this way, that is, an economic entity in the market, in order to pursue the greatest profit, has expanded production many times, and the benefits generated by each investment will have a difference between the benefits generated by the previous investment, and this difference is the marginal benefit. ”

Fu Heng pondered: "I still don't 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 hungriest at that time, even if he spends a little more money, he is willing to buy it." The marginal benefit of the second bowl of noodles has been halved, and you can buy it or not. Is the third bowl of noodles really beneficial to him? For him, it is completely worthless, because he doesn't need it anymore. ”

After speaking, he picked up the wine glass and took a sip gently, his eyes were like torches, looking at Fu Heng.