Day 32 · Thu, Nov 19, 2026 · Five editions

Thu, Nov 19, 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

曾子及其门人:大學, Section 9

曾子及其门人《禮記·大學》· 第9章 · Character · Human nature · Wealth · Investing

未有上好仁而下不好義者也,未有好義其事不終者也,未有府庫財非其財者也。孟獻子曰:「畜馬乘,不察於雞豚;伐冰之家,不畜牛羊;百乘之家,不畜聚斂之臣。與其有聚斂之臣,寧有盗臣。」此謂國不以利爲利,以義爲利也。長國家而務財用者,必自小人矣。彼爲善之,小人之使爲國家,菑害並至;雖有善者,亦無如之何矣!此謂國不以利爲利,以義爲利也。

Source: https://zh.wikisource.org/wiki/%E7%A6%AE%E8%A8%98/%E5%A4%A7%E5%AD%B8
第9章

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

司馬光:Zizhi Tongjian, Volume 192, Entry 16

司馬光《資治通鑑》· 卷192·太宗文武大聖大廣孝皇帝上之上貞觀二年(戊子,公元六二八年) · Health · Cognition · Decision · Growth

臣光曰:「臣聞垂能目制方圓,心度曲直,然不能以教人,其所以教人者,必規矩而已矣。聖人不勉而中,不思而得,然不能以授人,其所以授人者,必禮樂而已矣。禮者,聖人之所履也;樂者,聖人之所樂也。聖人履中正而樂和平,又思與四海共之,百世傳之,於是乎作禮樂焉。故工人執垂之規矩而施之器,是亦垂之功已;王者執五帝、三王之禮樂而施之世,是亦五帝、三王之治已。五帝、三王,其違世已久,後之人見其禮知其所履,聞其樂知其所樂,炳然若猶存於世焉。此非禮樂之功邪?夫禮樂有本、有文:中和者,本也;容聲者,末也;二者不可偏廢。先王守禮樂之本,未嘗須臾去於心,行禮樂之文,未嘗須臾遠於身。興於閨門,著於朝廷,被於鄉遂比鄰,達於諸侯,流於四海,自祭祀軍旅至於飲食起居,未嘗不在禮樂之中;如此數十百年,然後治化周浹,鳳凰來儀也。苟無其本而徒有其末,一日行之而百日捨之,求以移風易俗,誠亦難矣。是以漢武帝置協律,歌天瑞,非不美也,不能免哀痛之詔。王莽建羲和,考律呂,非不精也,不能救漸台之禍。晉武制笛尺,調金石,非不詳也,不能弭平陽之災。梁武帝立四器、調八音,非不察也,不能免台城之辱。然則韶、夏、濩、武之音,具存於世,苟其餘不足以稱之,曾不能化一夫,況四海乎!是猶執垂之規矩而無工與材,坐而待器之成,終不可得也。況齊、陳淫昏之主,亡國之音,暫奏於庭,烏能變一世之哀樂乎!而太宗遽雲治之隆替不由於樂,何發言之易而果於非聖人也如此?

Source: https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7192
卷192·太宗文武大聖大廣孝皇帝上之上貞觀二年(戊子,公元六二八年)·第16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 your body or mood today?

12:00 Noon · Investing · Chinese classics

司馬遷:Records of the Grand Historian, 貨殖列傳, 橋姚、無鹽氏, Entry 1

司馬遷《史記》· 貨殖列傳·橋姚、無鹽氏 · Wealth · Investing · Growth · Action

塞之斥也,唯橋姚已致馬千匹,牛倍之,羊萬頭,粟以萬鐘計。吳楚七國兵起時,長安中列侯封君行從軍旅,齎貸子錢,子錢家以為侯邑國在關東,關東成敗未決,莫肯與。唯無鹽氏出捐千金貸,其息什之。三月,吳楚平,一歲之中,則無鹽氏之息什倍,用此富埒關中。

Source: https://zh.wikisource.org/wiki/%E5%8F%B2%E8%A8%98/%E5%8D%B7129
貨殖列傳·橋姚、無鹽氏·第1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

管仲(舊題):Guanzi, 第15篇重令, Entry 1

管仲(舊題)《管子》· 第15篇重令 · Leadership · Wealth · Investing · Decision

凡君國之重器,莫重於令。令重則君尊,君尊則國安。令輕則君卑,君卑則國危。故安國在乎尊君,尊君在乎行令,行令在乎嚴罰。罰嚴令行,則百吏皆恐。罰不嚴,令不行,則百吏皆喜。故明君察於治民之本,本莫要於令。故曰:虧令者死,益令者死,不行令者死,留令者死,不從令者死。五者死而無赦,惟令是視。故曰:令重而下恐。爲上者不明,令出雖自上,而論可與不可者在下。夫倍上令以爲威,則行恣於己以爲私,百吏奚不喜之有?且夫令出雖自上,而論可與不可者在下,是威下繫於民也。威下繫於民,而求上之毋危,不可得也。令出而留者無罪,則是教民不敬也。令出而不行者毋罪,行之者有罪,是皆教民不聽也。令出而論可與不可者在官,是威下分也。益損者毋罪,則是教民邪途也。如此,則巧佞之人,將以此成私爲交;比周之人,將以此阿黨取與;貪利之人,將以此收貨聚財;懦弱之人,將以此阿貴事富;便辟伐矜之人,將以此買譽成名。故令一出,示民邪途五衢,而求上之毋危,下之毋亂,不可得也。

Source: https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC15%E7%AF%87%E9%87%8D%E4%BB%A4
第15篇重令·第1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 1985 Letter, Excerpt 1

Warren Buffett《Berkshire Hathaway 1985 Letter to Shareholders》· 1985 Chairman's Letter · Investing

You may remember the wildly upbeat message of last year’s report: nothing much was in the works but our experience had been that something big popped up occasionally. This carefully- crafted corporate strategy paid off in 1985. Later sections of this report discuss (a) our purchase of a major position in Capital Cities/ABC, (b) our acquisition of Scott & Fetzer, (c) our entry into a large, extended term participation in the insurance business of Fireman’s Fund, and (d) our sale of our stock in General Foods.

Source: https://www.berkshirehathaway.com/letters/1985.html
1985 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?