Day 22 · Mon, Nov 9, 2026 · Five editions

Mon, Nov 9, 2026

Five emails a day: 00:00 Night / 07:00 Morning / 12:00 Noon / 17:00 Evening / 21:00 Figures

00:00 Night · Investing · Chinese classics

桓寬:Discourses on Salt and Iron, Volume 7, 備胡第三十八, Entry 7

桓寬《鹽鐵論》· 卷7·備胡第三十八 · Investing · Leadership · Decision · Philosophy

大夫曰:「古者,明王討暴衛弱,定傾扶危。衛弱扶危,則小國之君悅;討暴定傾,則無罪之人附。今不征伐,則暴害不息;不備,則是以黎民委敵也。春秋貶諸侯之後,刺不卒戍。行役戍備,自古有之,非獨今也。」

Source: https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B707
卷7·備胡第三十八·第7则

This is a direct reading: the original and source are kept; commentary will be added later.

Today's question

Does this passage change one judgment about money or risk today?

07:00 Morning · Health · Chinese classics

孔子及其弟子:Analects 13.25

孔子及其弟子《論語》· 子路第十三·十三之二五 · Health · Character · Action · Philosophy

子曰:「君子易事而難說也;說之不以道,不說也;及其使人也,器之。小人難事而易說也。說之雖不以道,說也;及其使人也,求備焉。」

Source: https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E5%AD%90%E8%B7%AF%E7%AC%AC%E5%8D%81%E4%B8%89
子路第十三·十三之二五

This is a direct reading: the original and source are kept; commentary will be added later.

Today's question

What does this passage say about your body or mood today?

12:00 Noon · Investing · Chinese classics

管仲(舊題):Guanzi, 第77篇地數, Entry 6

管仲(舊題)《管子》· 第77篇地數 · Wealth · Investing · Health · Human nature

桓公問於管子曰:「吾欲富本而豐五穀,可乎?」管子對曰:「不可。夫本富而財物衆,不能守則稅於天下;五穀興豐,巨錢而天下貴,則稅於天下,然則吾民常爲天下虜矣。夫善用本者,若以身濟於大海,觀風之所起,天下高則高,天下下則下。天高我下,則財利稅於天下矣。」

Source: https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC77%E7%AF%87%E5%9C%B0%E6%95%B8
第77篇地數·第6则

This is a direct reading: the original and source are kept; commentary will be added later.

Today's question

Does this passage change one judgment about money or risk today?

17:00 Evening · Career · Chinese classics

司馬光:Zizhi Tongjian, Volume 195, Entry 14

司馬光《資治通鑑》· 卷195·太宗文武大聖大廣孝皇帝中之上貞觀十二年(戊戌,公元六三八年) · Leadership · History

八月,霸州山獠反,燒殺刺史向邵陵及吏民百餘家。

Source: https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7195
卷195·太宗文武大聖大廣孝皇帝中之上貞觀十二年(戊戌,公元六三八年)·第14则

This is a direct reading: the original and source are kept; commentary will be added later.

Today's question

What does this passage say about how you work today?

21:00 Figures · Investing · Modern investor letters

Warren Buffett:Berkshire 1979 Letter, Excerpt 1

Warren Buffett《Berkshire Hathaway 1979 Letter to Shareholders》· 1979 Chairman's Letter · Investing

Again, we must lead off with a few words about accounting. Since our last annual report, the accounting profession has decided that equity securities owned by insurance companies must be carried on the balance sheet at market value. We previously have carried such equity securities at the lower of aggregate cost or aggregate market value. Because we have large unrealized gains in our insurance equity holdings, the result of this new policy is to increase substantially both the 1978 and 1979 yearend net worth, even after the appropriate liability is established for taxes on capital gains that would be payable should equities be sold at such market valuations.

Source: https://www.berkshirehathaway.com/letters/1979.html
1979 Chairman's Letter, excerpt 1

This is a direct reading: the original and source are kept; commentary will be added later.

Today's question

Does this passage change one judgment about money or risk today?