Group 1 - The core viewpoint of the article highlights the psychological distress experienced by investors during a bull market, particularly the feeling of missing out on potential gains while others profit significantly [1][2][3] - The phenomenon of "loss aversion" is discussed, where the pain of not earning expected profits is perceived as a loss, leading to heightened anxiety among investors [3][4] - Social comparison plays a significant role in exacerbating this anxiety, as investors often compare their performance with others, leading to feelings of inadequacy and frustration [5][6] Group 2 - The article explains "hindsight bias," where investors regret missed opportunities, believing they should have predicted market movements, which intensifies their emotional distress [7][8][9] - The "kick-the-cat effect" is introduced, illustrating how negative emotions from investment losses can spill over into personal relationships, particularly affecting family dynamics [10][11][12] - Attention resource theory suggests that excessive focus on investments can detract from family time, leading to strained relationships due to reduced quality interactions [13][14] Group 3 - The article emphasizes the need for setting boundaries between investment activities and family life to maintain harmony and reduce stress [18] - It encourages investors to adjust their perceptions of missed earnings, recognizing that not earning a profit does not equate to a loss, thereby alleviating anxiety [19][20] - Open communication with partners about investment-related feelings is recommended to share burdens and foster understanding, which can help mitigate emotional strain [21][22]

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].