Day 43 · Mon, Nov 30, 2026 · Five editions

Mon, Nov 30, 2026

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

00:00 Night · Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter X, Paragraph 296

Adam Smith《The Wealth of Nations》· Book I, Chapter X · Investing

They are so accordingly. The difference between the earnings of a common labourer and those of a well employed lawyer or physician, is evidently much greater than that between the ordinary profits in any two different branches of trade. The apparent difference, besides, in the profits of different trades, is generally a deception arising from our not always distinguishing what ought to be considered as wages, from what ought to be considered as profit.

Source: https://www.gutenberg.org/ebooks/3300
Book I, Chapter X, paragraph 296

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 5.6

孔子及其弟子《論語》· 公冶長第五·五之六 · Health · Character

子使漆雕開仕。對曰:「吾斯之未能信。」子說。

Source: https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E5%85%AC%E5%86%B6%E9%95%B7%E7%AC%AC%E4%BA%94
公冶長第五·五之六

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

桓寬:Discourses on Salt and Iron, Volume 8, 世務第四十七, Entry 6

桓寬《鹽鐵論》· 卷8·世務第四十七 · Leadership · Wealth · Investing · Character

文學曰:「誠信著乎天下,醇德流乎四海,則近者哥謳而樂之,遠者執禽而朝之。故正近者不以威,來遠者不以武,德義修而任賢良也。故民之於事也,辭佚而就勞,於財也,辭多而就寡。上下交讓,道路鴈行。方此之時,賤貨而貴德,重義而輕利,賞之不竊,何寶之守也!」

Source: https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B708
卷8·世務第四十七·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

管仲(舊題):Guanzi, 第66篇版法解, Entry 3

管仲(舊題)《管子》· 第66篇版法解 · Philosophy · Leadership · Human nature · Health

乘夏方長,審治刑賞,必明經紀。陳義設法,斷事以理,虛氣平心,乃去怒喜。若倍法棄令而行怒喜,禍亂乃生,上位乃殆。故曰:「喜無以賞,怒無以殺。喜以賞,怒以殺,怨乃起,令乃廢。驟令而不行,民心乃外。外之有徒,禍乃始牙。衆之所忿,寡不能圖。」冬既閉藏,百事盡止,往事畢登,來事未起。方冬無事,慎觀終始,審察事理。事有先易而後難者,有始不足見而終不可及者,此常利之所以不舉,事之所以困者也。事之先易者,人輕行之。人輕行之,則必困難成之事。始不足見者,人輕棄之。人輕棄之,則必失不可及之功。夫數困難成之事,而時失不可及之功,衰耗之道也。是故明君審察事理,慎觀終始,爲必知其所成,成必知其所用,用必知其所利害。爲而不知所成,成而不知所用,用而不知所利害,謂之妄舉。妄舉者,其事不成,其功不立。故曰:「舉所美必觀其所終,廢所惡必計其所窮。」凡人君者,欲民之有禮義也。夫民無禮義,則上下亂而貴賤爭。故曰:「慶勉敦敬以顯之,富祿有功以勸之,爵貴有名以休之。」

Source: https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC66%E7%AF%87%E7%89%88%E6%B3%95%E8%A7%A3
第66篇版法解·第3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 1977 Letter, Excerpt 2

Warren Buffett《Berkshire Hathaway 1977 Letter to Shareholders》· 1977 Chairman's Letter · Investing

Most companies define “record” earnings as a new high in earnings per share. Since businesses customarily add from year to year to their equity base, we find nothing particularly noteworthy in a management performance combining, say, a 10% increase in equity capital and a 5% increase in earnings per share. After all, even a totally dormant savings account will produce steadily rising interest earnings each year because of compounding.

Source: https://www.berkshirehathaway.com/letters/1977.html
1977 Chairman's Letter, excerpt 2

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?