新华社北京11月5日电 正在乌兹别克斯坦撒马尔罕进行的联合国教科文组织大会第43届会议当地时间5 日审议通过决议，将每年3月21日（北半球春分日）设立为"国际太极拳日"。 与会代表表示，设立"国际太极拳日"是联合国教科文组织一项具有深远意义的重大决定，对于提升人类 健康福祉、推动文明交流互鉴、促进世界和平发展十分重要。 太极拳起源于中国，融合哲学、中医与武术精髓，以"阴阳平衡、刚柔并济"为理论根基，历经数百年发 展形成陈、杨、吴、武、孙等不同技术风格的拳式，全球习练者达数亿人，覆盖180多个国家和地区。 2020年，太极拳被列入联合国教科文组织人类非物质文化遗产代表作名录。 据介绍，选择3月21日作为国际太极拳日，既呼应春分"昼夜均、寒暑平"的自然节律，更契合太极拳"天 人合一"的哲学内涵。 科学研究表明，太极拳对改善慢性病、提升心理健康具有显著效果，其"治未病"理念正被纳入全球公共 卫生体系。 ...

Core Viewpoint - The article discusses the importance of avoiding the FOMO (Fear of Missing Out) mentality among investors, as emphasized by Howard Marks, co-founder of Oak Tree Capital, during his recent dialogues. He highlights the psychological factors that contribute to market bubbles and the need for investors to maintain rational decision-making in the face of market euphoria [1][5][6]. Summary by Sections Market Bubbles - Howard Marks defines bubbles as periods when asset prices are excessively high, emphasizing the need to understand the psychological factors behind them rather than just relying on valuation metrics [5][6]. - He notes that while the current stock market is relatively expensive compared to historical levels, it is not in a state of extreme bubble that necessitates panic selling [6]. - Marks stresses the importance of careful evaluation of a company's potential and intrinsic value rather than being swayed by market trends [6][12]. FOMO Psychology - FOMO is described as a psychological state where investors feel compelled to participate in market trends due to the fear of missing out on potential gains, often leading to irrational investment decisions [4][7]. - Marks references Charles Kindleberger's quote about the discomfort of seeing friends become wealthy, illustrating the irrationality of FOMO [2][6]. - The article highlights that this mindset can overshadow the natural aversion to losses, causing investors to chase high prices without proper risk assessment [7][8]. AI and Nvidia - Marks acknowledges AI as a transformative technology but raises questions about its practical applications, costs, and market support, cautioning against investing driven by FOMO after observing Nvidia's significant stock price increase [14][15]. - He does not consider Nvidia's current valuation of around 30 times earnings to be excessively high compared to historical bubbles, suggesting that today's leading companies are stronger and more stable than those in past market bubbles [15][16]. U.S. Economy and Policy - Marks views the current U.S. government as business-friendly, which he believes positively impacts economic growth, but he questions the execution of policies and their long-term effects [17][18]. - He assesses that the U.S. economy is not overheating and is unlikely to face a severe recession, predicting a gradual decline in interest rates without returning to previous extreme lows [18][19]. Investment Opportunities - Marks reflects on the cyclical nature of market sentiment, noting that when pessimism prevails, unique investment opportunities arise for those willing to take risks [19][20]. - Conversely, when optimism is widespread, the potential for excess returns diminishes, indicating a shift in market dynamics [20].