Day 95 · Thu, Jan 21, 2027 · Five editions

Thu, Jan 21, 2027

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 6, 授時第三十五, Entry 4

桓寬《鹽鐵論》· 卷6·授時第三十五 · Investing · Character · Leadership · Health

賢良曰:「周公之相成王也,百姓饒樂,國無窮人,非代之耕織也。易其田疇,薄其稅斂,則民富矣。上以奉君親,下無饑寒之憂,則教可成也。語曰:『既富矣,又何加焉?曰,教之。』教之以德,齊之以禮,則民徙義而從善,莫不入孝出悌,夫何奢侈暴慢之有?管子曰:『倉廩實而知禮節,百姓足而知榮辱。』故富民易與適禮。」

Source: https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B706
卷6·授時第三十五·第4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

王阳明:Chuanxilu, 卷上 56

王阳明《傳習錄》· 卷上·第56条 · Health · Action · Leadership · Human nature

「許魯齋謂儒者以治生為先之說亦誤人。」

Source: https://zh.wikisource.org/wiki/%E5%82%B3%E7%BF%92%E9%8C%84/%E5%8D%B7%E4%B8%8A
卷上·第56条

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80篇輕重甲, Entry 18

管仲(舊題)《管子》· 第80篇輕重甲 · Philosophy · Action · Wealth · Investing

桓公曰:「四夷不服,恐其逆政游於天下而傷寡人。寡人之行,爲此有道乎?」管子對曰:「吳、越不朝,珠象而以爲幣乎?發、朝鮮不朝,請文皮𣮆服而以爲幣乎?禺氏不朝,請以白璧爲幣乎?崐崘之虛不朝,請以璆琳琅玕爲幣乎?故夫握而不見於手,含而不見於口,而辟千金者,珠也,然後八千里之吳、越可得而朝也。一豹之皮,容金而金也,然後八千里之發、朝鮮可得而朝也。懷而不見於抱,挾而不見於腋,而辟千金者,白璧也,然後八千里之禺氏可得而朝也。簪珥而辟千金者,璆琳琅玕也,然後八千里之崐崘之虛可得而朝也。故物無主,事無接,遠近無以相因,則四夷不得而朝矣。」

Source: https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC80%E7%AF%87%E8%BC%95%E9%87%8D%E7%94%B2
第80篇輕重甲·第18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 199, Entry 22

司馬光《資治通鑑》· 卷199·太宗文武大聖大廣孝皇帝下之下貞觀二十二年(戊申,公元六四八年) · Leadership · Health · Cognition · Growth

強偉等發民造船,役及山獠,雅、邛、眉三州獠反。壬寅,遣茂州都督張士貴、右衛將軍梁建方發隴右、峽中兵二萬餘人以擊之。蜀人苦造船之役,或乞輸直雇潭州人造船;上許之。州縣督迫嚴急,民至賣田宅、鬻子女不能供,谷價踴貴,劍外騷然。上聞之,遣司農少卿長孫知人馳驛往視之。知人奏稱:「蜀人脆弱,不耐勞劇。大船一艘,庸絹二千二百三十六匹。山谷已伐之木,挽曳未畢,復征船庸,二事並集,民不能堪,宜加存養。」上乃敕潭州船庸皆從官給。

Source: https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7199
卷199·太宗文武大聖大廣孝皇帝下之下貞觀二十二年(戊申,公元六四八年)·第22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

Charlie Munger:The Latticework of Mental Models

Charlie Munger《A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business》· Opening section, “What is elementary, worldly wisdom?” · Cognition · Learning · Decision

What is elementary, worldly wisdom? Well, the first rule is that you can't really know anything if you just remember isolated facts and try and bang 'em back. If the facts don't hang together on a latticework of theory, you don't have them in a usable form.

Source: https://web.archive.org/web/20140625062802/http://ycombinator.com/munger.html
Archived transcript, opening section, paragraph beginning “What is elementary, worldly wisdom?”

Reading

Isolated facts become usable only when arranged on a latticework of theory.

Context

Charlie Munger (1924–2023) was vice chairman of Berkshire Hathaway and Warren Buffett's longtime partner. A former lawyer, he pushed Berkshire away from bargain “cigar butts” toward high-quality businesses bought at fair prices. In his 1994 USC talk he argued that isolated facts are useless unless they are arranged on a latticework of models drawn from many disciplines.

Today's question

Which latticework does your most recent fact hang on—and if it hangs on none, do you really understand it?