Economic thinking is not the same as economics, and you don't have to study economics to have economic thinking. Try to explain why it is practical in the most straightforward language. The foundation of modern financial system is the word "credit" in English and the word "credit" in Chinese. Money, liquidity, and all financial-related businesses including VC, PE, IPO and financial products such as foreign exchange, spot, futures and stocks are all two words: "credit", and the core three points derived from the bottom "credit" are compound interest, leverage and risk control. Modern economics has developed many schools, such as Keynes, Hayek and Liszt. They are all in their own way, and later there was behavioral economics specially studied by Nobel Prize winner Kahneman. In any case, economics summed up as: freedom, openness, innovation and, most importantly, exchange, which also belong to economic thinking. Cognitive psychologist Siniu K pointed out that human beings are all cognitive misers because of evolution, and many habitual ideas are actually cognitive biases, while statistics, probability, logic, mathematics and other knowledge belong to good mental programs. For example, Bayesian theorem can make people more rational, clear cognitive bias and learn good mental programs, which is also part of economic thinking. Seeing this, we can sum up what economic thinking is in one sentence: "Use reason to deeply understand human nature and finally make the most suitable choice for human nature. Credit, compound interest, leverage, risk control, freedom, openness, innovation, exchange, cognitive bias, etc. Which is not the closest thing to human nature? So is the resulting economic thinking the most intuitive response to human needs? ! And the so-called right, is not the choice you make the best balance between yourself and the public? ▼ Is economic thinking the most practical skill? Then I put forward a theory that I haven't mentioned for a long time, "mixed circles pay warlords first", which is one of the criteria summarized by economic thinking. Want to enter a certain circle, want to use network leverage to accelerate their growth. Paid warlords exchange credit with certain benefits, and the circle needs to constantly attract talents to obtain greater benefits. This is openness; It is compound interest to use peer pressure to overcome some cognitive biases in the circle to complete accumulation; Then jump into a new, bigger and stronger circle to continue the same process, and so on. The essence of self-cultivation is compound interest, and self-denial is to make great efforts to promote the compound interest node; The essence of human beings is exchange. Whether parents, husband and wife, friends, colleagues, and anyone who has an intersection can achieve each other, it is a lasting and stable relationship. Once there is nothing to exchange, it is the beginning of separation; The essence of doing things is economic thinking including leverage, risk control and innovation. It has been almost 20 years since I sold the first pirated VCD in the third grade, and I wandered around the business circle in a blink of an eye. I have limited qualifications and a dull personality. I am not as outstanding as Cheng Wei, who has been all-powerful for several years, and it is impossible for me to get here only by relying on enough practical experience to practice my own economic thinking. What I can do is that the application of economic thinking is becoming more and more sophisticated, and there is no other way. I have been cheated since I first entered the society, and I have been tossing, learning and growing. I used to be cynical and paranoid. I also learned all the urgent practical skills, regardless of right or wrong. Fortunately, after my experience in Qian Fan, I finally formed the above economic thoughts. Since then, I have embarked on the fast lane of life. As you can see, every point is objectively pointed out, and there is no moral orientation in the secular sense. That is to say, as long as I uphold this thinking concept, to sum up, economic thinking is essential if I want to live a good life.