Wed, Dec 23, 2026

孫子曰：凡用兵之法，有散地，有輕地，有爭地，有交地，有衢地，有重地，有圮地，有圍地，有死地。諸侯自戰其地者，為散地；入人之地而不深者，為輕地；我得則利，彼得亦利者，為爭地；我可以往，彼可以來者，為交地；諸侯之地三屬，先至而得天下之衆者，為衢地；入人之地深，背城邑多者，為重地；山林、險阻、沮澤，凡難行之道者，為圮地；所由入者隘，所從歸者迂，彼寡可以擊吾之衆者，為圍地；疾戰則存，不疾戰則亡者，為死地。是故散地則無戰，輕地則無止，爭地則無攻，交地則無絕，衢地則合交，重地則掠，圮地則行，圍地則謀，死地則戰。

Source： https://zh.wikisource.org/wiki/%E5%AD%AB%E5%AD%90%E5%85%B5%E6%B3%95
九地第十一·第1则

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

樊遲從遊於舞雩之下曰：「敢問崇德，脩慝，辨惑？」子曰：「善哉問！先事後得，非『崇德』與？攻其惡，無攻人之惡，非『脩慝』與？一朝之忿，忘其身以及其親，非『惑』與？」

Source： https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E9%A1%8F%E6%B7%B5%E7%AC%AC%E5%8D%81%E4%BA%8C
顏淵第十二·十二之二一

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The table on the preceding page, recording both the 44-year performance of Berkshire’s book value and the S&P 500 index, shows that 2008 was the worst year for each. The period was devastating as well for corporate and municipal bonds, real estate and commodities. By yearend, investors of all stripes were bloodied and confused, much as if they were small birds that had strayed into a badminton game.

Source： https://www.berkshirehathaway.com/letters/2008ltr.pdf
2008 Chairman's Letter, excerpt 1

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昔者黃帝得蚩尤而明於天道，得大常而察於地利，得奢龍而辯於東方，得祝融而辯於南方，得大封而辯於西方，得后土而辯於北方。黃帝得六相而天地治，神明至。蚩尤明乎天道，故使爲當時。大常察乎地利，故使爲廩者；奢龍辨乎東方，故使爲土師；祝融辨乎南方，故使爲司徒；大封辨於西方，故使爲司馬；后土辨乎北方，故使爲李。是故春者土師也，夏者司徒也，秋者司馬也，冬者李也。昔黃帝以其緩急作五聲，以政五鍾。令其五鍾：一曰青鍾，大音；二曰赤鍾，重心；三曰黃鍾，洒光；四曰景鍾，昧其明；五曰黑鍾，隱其常。五聲既調，然後作立五行，以正天時，五官以正人位。人與天調，然後天地之美生。

Source： https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC41%E7%AF%87%E4%BA%94%E8%A1%8C
第41篇五行·第2则

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At that time, 10 per cent. a year interest was a very common rate for such loans. At the banks the rate might not have been quite so high; but of course the financial institutions could not supply all the demands, so there was much private borrowing at high figures. As I needed this money for the partnership, I gladly accepted my father's offer, and so began business as the junior partner of the new firm, which was called Clark & Rockefeller.

Source： https://www.gutenberg.org/ebooks/17090
Chapter II, excerpt 37

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