市场永远是噪音多于信号，错过的行情不是损失，离场后的利润不再归你，不是所有的K线都要去参 与，一天不交易更不是浪费时间。 沉没成本不参与重大决策，重要的事说三遍！ 黄金是标的，交易是手段，技术是工具，它们都臣服于"赚钱"这件事，一切背离初衷的博弈都是耍流 氓，没有人天生喜 有人要跳楼，站在阳台，即使消防铺好了安全垫，做了一切应急措施，也不能因为一切就绪就一定要跳 下去，随时可以选择不跳，记住，沉没成本不参与决策！ ...

Core Viewpoint - The article discusses the success of the children's financial literacy book "The Economics That Tells Stories," authored by investor Yang Dong, which has sold 250,000 sets and 5 million copies, becoming a bestseller in the financial literacy category for children in China [1]. Group 1: Book Overview - The book has received endorsements from notable figures such as Lin Yifu, Fan Deng, Yu Minhong, and Zhou Hongyi, contributing to its popularity on various e-commerce platforms [1]. - Yang Dong aims to cultivate business thinking in children, addressing a gap in financial literacy that he observed among entrepreneurs and business leaders [2][5]. Group 2: Educational Philosophy - Yang Dong emphasizes the importance of instilling business thinking from a young age, aligning with current educational reforms that focus on practical applications and real-world connections [5][6]. - The book integrates complex concepts like "sunk cost" and "game theory" into engaging stories, making them accessible for children [2][9]. Group 3: Unique Aspects of the Book - The book differs from traditional children's literature by incorporating compelling narratives with real conflicts and resolutions, encouraging repeated reading among children [8]. - It provides a comprehensive knowledge framework, allowing children to understand the evolution of business concepts through interconnected stories [8][9]. - The book includes a "knowledge bank" that explains interdisciplinary principles, seamlessly integrating subjects like psychology and mathematics into the context of business [9]. Group 4: Practical Applications - Yang Dong suggests that parents can nurture their children's business thinking through everyday conversations about commercial phenomena encountered in daily life, such as discussing the reasons behind the success of chain stores or the logistics of product distribution [7]. - The book also serves as an introduction to investment concepts, illustrating how business thinking is essential for understanding investments and decision-making processes [12][13].

Core Viewpoint - The value of master's degrees is declining, with many questioning the worth of pursuing a master's, especially "water master's" programs that are easy to enter and graduate from [2][3]. Group 1: The Devaluation of Degrees - Master's education is experiencing "commodification" and "inflation," with institutions expanding enrollment and lowering admission standards, leading to a perception of many programs as "water master's" [5][6]. - In the job market, a master's degree is no longer a standout feature but merely a standard requirement, with employers increasingly valuing practical experience and skills over academic credentials [6][10]. - By 2025, the number of college graduates in China is expected to reach a record 12.22 million, with lower employment rates for master's graduates compared to associate degree holders [6][10]. Group 2: The Reality of "Water Master's" - Many master's programs emphasize theory over practical skills, leading to a disconnect between what is taught and what is needed in the workplace [9][10]. - Employers are wary of "high degree, low ability" graduates, with many preferring candidates with more substantial practical experience [9][10]. - Some companies explicitly state they do not hire one-year overseas master's graduates, viewing them as less qualified compared to those with longer study durations [10][11]. Group 3: Opportunity Costs of Pursuing a Master's - The direct costs of pursuing a master's degree abroad can range from 700,000 to 1,500,000 RMB, including tuition and living expenses, often requiring significant family support or loans [14][15]. - Time costs are significant, as students delay entering the workforce, potentially falling behind peers who gain work experience during that time [14][15]. - Psychological factors, such as "sunk cost" and identity issues, can lead students to persist in pursuing degrees that may not yield the expected returns [15][16]. Group 4: Questions to Consider Before Pursuing a Master's - Prospective students should evaluate whether the master's program offers unique value, if the industry requires a master's degree, if the curriculum aligns with industry needs, and if they are prepared for the associated costs and risks [21][22]. Group 5: The Importance of Skills Over Degrees - The focus should shift from merely obtaining a degree to enhancing skills and capabilities, as not all degrees lead to significant career advancements [23][24]. - Even prestigious programs may suffer from outdated content and lack of practical training, leading to dissatisfaction among graduates [24][25]. - The true value of a degree lies in its alignment with personal goals and the ability to leverage the experience for career growth [25][26].

Core Viewpoint - The article discusses the evolving attitudes of young people towards marriage and the decision to obtain a marriage certificate, highlighting a trend towards more cautious and individualized approaches to relationships and commitments [2][24][30]. Group 1: Marriage Registration Trends - The new marriage registration regulations allow individuals to complete the process with just an ID, leading to a surge in registrations, particularly on May 20, when many queued overnight [2][3]. - A survey by Soul App indicates that a significant portion of younger generations still values the act of obtaining a marriage certificate, with 51.78% of post-90s, 50.83% of post-95s, and 41.87% of post-00s believing it is an important milestone in romantic relationships [3][31]. Group 2: Reasons for Not Registering - Many young couples choose not to register their marriage due to various reasons, including career considerations, financial stability, and the desire to avoid societal pressures related to marriage and childbearing [4][6][10]. - The article presents contrasting views, with some individuals feeling that not registering allows for greater freedom and less pressure from family regarding marriage and children [5][9][14]. Group 3: Legal and Social Implications - The lack of a marriage certificate can lead to legal vulnerabilities, particularly concerning property rights and responsibilities in the event of a separation [20][30]. - The article highlights that cohabiting couples without a marriage certificate may face challenges in legal matters, such as child custody and financial disputes, as they lack the legal protections afforded to married couples [19][21]. Group 4: Cultural Perspectives - The article notes that attitudes towards marriage vary significantly between urban and rural areas, with urban youth more likely to support non-traditional arrangements [17][18]. - It also discusses the influence of cultural norms on marriage decisions, with some individuals feeling that traditional views on marriage do not align with their personal beliefs [22][24]. Group 5: International Comparisons - The article references the French PACS system, which offers a flexible alternative to marriage, allowing couples to enjoy some legal benefits without the formalities of marriage [26][27]. - Statistics show that the number of PACS registrations in France is nearly equal to marriage registrations, indicating a shift in how relationships are formalized [27][28].

Core Concept - The article discusses the concept of "sunk cost" and its psychological effects on decision-making, emphasizing the importance of recognizing and overcoming these biases to make better choices in life and investments [2][3][11]. Group 1: Understanding Sunk Cost - Sunk cost refers to past expenditures that cannot be recovered, including time, money, and effort [3][4]. - The article illustrates the sunk cost effect through a shoe-buying scenario, where individuals may continue to invest time and energy into a poor decision due to emotional attachment and the desire to avoid loss [6][8]. Group 2: Psychological Factors - The phenomenon of loss aversion explains why individuals struggle to let go of sunk costs, as the pain of losing something is often felt more acutely than the pleasure of gaining something [9][10]. - The article highlights that those who can decisively cut their losses tend to save time and energy, allowing them to focus on more important decisions [11]. Group 3: Recommendations to Overcome Sunk Cost - Emphasizing the value of time is crucial, as time is a finite resource that should be spent wisely to maximize productivity [13][14]. - Recognizing that sunk costs are irretrievable can help individuals avoid unnecessary emotional turmoil and make clearer decisions [17]. - Developing a goal-oriented mindset can prevent individuals from being sidetracked by irrelevant opportunities, ensuring that they stay focused on their primary objectives [18]. - Reducing the frequency of trivial decisions can help conserve mental energy, allowing for better decision-making in more significant matters [20].

Core Viewpoint - The article emphasizes the importance of reassessing investment portfolios during periods of low market volatility and rapid rotation, suggesting that investors should avoid unnecessary trading and focus on strategic adjustments instead [4][48]. Group 1: Market Conditions - Recent trading volumes in the A-share market have been stagnant, hovering around the trillion mark [4]. - Implied volatility is continuously decreasing, contributing to a sense of boredom in the market [5][6]. - The market is characterized by rapid rotation, where buying often leads to declines and selling leads to gains, creating a challenging environment for investors [8][9]. Group 2: Investment Strategy - Investors are encouraged to rethink their investment portfolios, as many hold onto losing stocks due to a reluctance to acknowledge mistakes [18][19]. - The concept of "sunk cost" is highlighted, where investors often wait to break even before selling, which can lead to further losses [31][32]. - A suggestion is made to treat investments as cash and reassess how to allocate it, rather than being anchored to the original purchase price [44][46]. Group 3: Timing and Market Behavior - The article notes that during periods of low volatility, it is advisable to refrain from making hasty trades and instead prepare for potential future market fluctuations [50][51]. - It is emphasized that both market rises and falls can present opportunities, with rises allowing for profit realization and falls providing chances to buy at lower prices [60][62]. - The importance of focusing on long-term asset growth rather than short-term fluctuations is stressed, as short-term movements are often random [66][68]. Group 4: Strategic Planning - The article advocates for a strategic approach to investment, suggesting that a well-thought-out strategy can lead to better long-term returns without the need for frequent trading [56][58]. - Investors are encouraged to diversify their portfolios to mitigate risks and enhance potential returns [70].