4. The problem of wealth formation

On Monday, after the class bell fell, Huo Xin hurried to the podium with the lesson plan. After standing on the podium, she glanced at the children with her eyes, and then she said, "Today, I will ask the children three questions, please answer?" After she said that, she wrote the three questions on the blackboard with chalk.

The first question is: Why did Gates have $60 billion in wealth?

The second question is: Why can’t a billionaire be opened when opening a restaurant?

The third question is: How big is the profit margin for agricultural farming?

After Dean Huo finished writing, she pointed to the question on the blackboard with her instruction stick and said: "The answer to these three questions is as follows: the first question is answered in one morning. After the question is asked, the children can use their brains to think, and then discuss it in groups to get the answer."

She paused at this point, looked at the child and then said, "I'll order the morning time now."

After she finished speaking, she turned around and took out a piece of chalk from the chalk box and wrote on the blackboard:

The first question is thought and discussion time is 60 minutes. After the discussion, I will ask questions. After the question is finished, I will summarize the correct answer.

The second question will take one afternoon to complete.

The third question is left for the children to think about after class, and we will complete it after the next class.

After Huo Xin finished speaking, she walked down the podium and divided the children into six groups, allowing the children to speak freely in their respective groups.

The children sat together in groups, some thought about it, while others did not, and they came to conclusions about the origin of Gates' wealth.

The sixty-minute thinking and discussion time flew away. After the discussion, the children sat in their seats again, and Huo Xin began to ask questions.

She stood on the podium and glanced around majesticly, saying very seriously: "Kid Maodan, stand up and answer the first question." Maodan stood up, and he held the cap with his hands on the big tongue cap, his two linear small eyes squeezed, and his voice went from small to large: "I think Gates has 60 billion US dollars. Wow, that's a big man-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Huo Xin saw that Maodan had finished answering, and said, "Maodan answered the question as if he was telling a story. You can sit down after you finished speaking." The second answer was Coco. She stood up and said anxiously: "Gates must be a tomb robber. He dug an ancient tomb and took out the treasures in the ancient tomb and sold them for $60 billion.

The third answer to the question is bistable. He said slowly: "Gates started a company, went public and sold stocks. The investors handed over the money to him and bought it into stocks. He got $60 billion from the investors."

After sitting down in a bistable state, Huo Xin said: "The question is over now." She also said: "The question I asked here today is not necessarily a question that children of our age can answer accurately. The reason why I raised this question and asked the children to answer is to guide the children to think about and the entrepreneurs only think about."

She paused and continued: "It doesn't matter whether the children answered correctly or wrongly, what is important is an educational orientation. This time, the children discussed the question of Gates's 60 billion US dollars in the future. This is a good phenomenon. Below I will judge the answers given by the three children: the answers given by Maodan and Coco are wrong, and the answers given by bistable are correct, but what he said is not complete enough, so I need to give a correct answer."

Huo Xin slowed down a lot when he said this. She said: "Gates is not a painter or a tomb robber. He is a very successful entrepreneur. He just said that when Gates started the company's stocks, he got $60 billion from the investors. This is only half right. Why should investors buy the stocks of his company? That's because the stocks of his company have a high dividend and the company's prospects are good." She said this, but reached out to take a piece of chalk from the chalk box and turned around and wrote on the blackboard:

——————The children may ask, where does the dividend come from? Dividend comes from the company's operating profits.

——————Where does the profit come from? Profit is obtained after deducting costs from income.

She stopped writing here, she turned around and glanced around, and said in a solemn tone: "After writing here, we may have a general understanding of stocks, dividends, income, cost, profit. This chain. But the formation of the huge wealth of 60 billion US dollars is far from as simple as mentioned above. The company started by Gates is a software production. For every indos software he sells, the income is 260 US dollars and the cost is close to zero. In other words, 260 US dollars is pure profit. There are more than 600 million computer users all over the world, and even if only 100 million people buy it in the middle, this is also a revenue of 26 billion US dollars! This time we know that the company started by Gates makes money by opening software. In addition, we reversed the chain we just mentioned." She said that she didn't say it anymore, and she took out a piece of chalk from the chalk box and wrote on the blackboard:

With a certain income, Microsoft has the lowest cost and the largest profit, the dividend will be high, and the selling price of the stock will be high. The stock market helps it cash out its future income in advance. In this way, we understand that the $60 billion in wealth that Gates has is earned by two ways: the income from selling software and the income from selling stocks.

As Huo Xin wrote this, the morning class is over.

The afternoon lecture program is the same as in the morning. When asked questions in class, Dean Huo’s first question was bistable. The answer to the second question was confident. After careful consideration, he said: “Why can’t a billionaire be opened when answering the restaurant? There are three answers to this question:

First, according to the morning Dean Huo’s statement that the income deducts costs equal to profit, and the cost of opening a restaurant is higher. When the business conditions are better, the costs include noodles, rice, meat, vegetables, water, electricity, gas, rent, wages, taxes, all of which are combined to be equivalent to more than 70% of the income. Overall, the profit of opening a restaurant is not high.

Second, it is difficult to create a scale benefit when opening a restaurant. The software produced by Microsoft is globally sold with hundreds of millions of users, so the scale benefit is great. Although opening a restaurant also has profits, it cannot open a restaurant for hundreds of millions of people around the world to eat. Therefore, its scale benefit is very low.

Third, from the above two points, it can be seen that opening a restaurant has a high operating cost, less profit, and no economies of scale. Therefore, it cannot be listed and there will be no stock returns, which determines that it is difficult to open a billionaire to open a restaurant."

"Yes! It's very good." After Dean Huo said that, he took the lead in applauding, "Bao", "Bao", and after sitting down in a bistable state, Dean Huo made a summary speech. She said: "Children can answer questions accurately with short-term thinking, allowing me to see the extraordinary things of the children.

Youyu Academy has developed through students' independent academic choices, combined with children's intellectual interests; coupled with training to develop comprehensive abilities to develop potential, the children's intellectual level, comprehensive analysis ability and problem-solving ability are greatly improved."

President Huo then said with deep emotion: "Today, bistable state can be answered so completely, only adults can answer it."

The questions that came out surprised me. In the future, I hope that the children can pay attention to the thinking and answers of economic issues and lay a solid foundation for you to start your own business in the future."
Chapter completed!