The Huron Institute released the 218 Hurun Report on October 11th. Ma Yun once again became the richest man in China, while Shi Zan couldn't defend the richest man, ranking second, but this year's energetic Baidu Robin Li and Ma Dongmin topped the list. It rose to nine, almost falling from the top ten. Huang Huang, Zhang Yong and Shu Ping, who made their debut, ranked 13th and 34th respectively. This year, the manufacturing industry still ranks first in wealth production, real estate, finance and investment respectively, and the pharmaceutical industry has developed rapidly, with the wealth creation rate increasing from 6.7% to 7.1%. The proportion of cultural and entertainment wealth affected by negative news such as taxes dropped to the 11th place.

However, judging from this latest list, we can't help but reconsider the cliche topic. Economists do not know much about economics. Why can't you get rich with a keen understanding of the economy and a prediction of economic laws? A famous financial columnist in The Wall Street Journal said with emotion: "Economics is a good science." IT is unrealistic for economists to say that they have expertise in surgery and try to get rich in manufacturing, IT, Internet or other industries. Why can't they do it through financial investment? Warren? Warren Buffett has been the richest man in the world for many years, but the following examples prove that many economists will miss investing in stocks and securities.

indeed, if we understand the basic work of economists, it is not difficult to understand this phenomenon. In short, the level of an economist is not whether he can predict the direction of the stock or real estate market he gives, but whether detailed information and logic can accurately tell investors what happened in a specific field. Economic operation is also a nonlinear dynamic system, and it may change dramatically at any time. In other words, economic operation is almost unpredictable. However, economists often discuss static current prediction under hypothetical conditions, so the prediction is far from true.

However, there are exceptions to everything, and some economists have become the focus of the investment community. Keynes Ricardo started investing in stocks at the age of 9, and richard thaler was the winner of the 217 Nobel Prize. Among them, an asset management company founded by Celler and behavioral economist Fuller)*** * won a five-star rating from the international authoritative rating agency Morningstar. The Russell 2 index increased by 18.3% year-on-year. Since 1998, the accumulated income of the fund has exceeded 3%, surpassing Buffett in the same period. However, none of the above three are regarded as "mainstream" economists, Ricardo is a transitional economist in this industry, and Keynesian theory and seller's behavioral economics were "semi-mainstream" at that time.