Day 106 · Mon, Feb 1, 2027 · Five editions

Mon, Feb 1, 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

王阳明:Chuanxilu, 卷上 72

王阳明《傳習錄》· 卷上·第72条 · Cognition · Health · Wealth · Investing

澄曰:「好色、好利、好名等心,固是私欲。如閒思雜慮,如何亦謂之私欲?」 先生曰:「畢竟從好色、好利、好名等根上起,自尋其根便見。如汝心中決知是無有做劫盜的思慮,何也?以汝元無是心也。汝若於貨、色、名、利等心,一切皆如不做劫盜之心一般,都消滅了,光光只是心之本體,看有甚閒思慮?此便是『寂然不動』,便是『未發之中』,便是『廓然大公』。自然『感而遂通』,自然『發而中節』,自然『物來順應』。」

Source: https://zh.wikisource.org/wiki/%E5%82%B3%E7%BF%92%E9%8C%84/%E5%8D%B7%E4%B8%8A
卷上·第72条

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, 卷下 220

王阳明《傳習錄》· 卷下·第220条 · Health · Cognition · Decision · Growth

于中、國裳輩同侍食。 先生曰︰「凡飲食只是要養我身,食了要消化;若徒蓄積在肚裏,便成痞了,如何長得肌膚?後世學者博聞多識,留滯胸中,皆傷食之病也。」

Source: https://zh.wikisource.org/wiki/%E5%82%B3%E7%BF%92%E9%8C%84/%E5%8D%B7%E4%B8%8B
卷下·第220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 · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter V, Paragraph 117

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

By the money price of goods, it is to be observed, I understand always the quantity of pure gold or silver for which they are sold, without any regard to the denomination of the coin. Six shillings and eight pence, for example, in the time of Edward I., I consider as the same money price with a pound sterling in the present times, because it contained, as nearly as we can judge, the same quantity of pure silver.

Source: https://www.gutenberg.org/ebooks/3300
Book I, Chapter V, paragraph 117

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

王阳明:Chuanxilu, 卷下 253

王阳明《傳習錄》· 卷下·第253条 · Leadership · Cognition · Learning · Health

問:「『逝者如斯』,是說自家心性活潑潑地否?」 先生曰:「然。須要時時用致良知的功夫,方才活潑潑地,方才與他川水一般;若須臾間斷,便與天地不相似。此是學問極至處,聖人也只如此。」

Source: https://zh.wikisource.org/wiki/%E5%82%B3%E7%BF%92%E9%8C%84/%E5%8D%B7%E4%B8%8B
卷下·第253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 how you work today?

21:00 Figures · Investing · Modern investor letters

Benjamin Graham:The Limits of Market Timing

Benjamin Graham《Security Analysis》· Introduction, The Factor of Timing · Investing · Decision · Cognition

It is our view that stock-market timing cannot be done, with general success, unless the time to buy is related to an attractive price level, as measured by analytical standards.

Source: https://archive.org/details/dli.ernet.7983
Introduction, The Factor of Timing, p. 16, paragraph beginning “The validity of stock-market forecasting methods”

Reading

Market timing only works when tied to analytically attractive prices, not to market signals alone.

Context

Graham did not believe that forecasting major market swings could by itself produce reliable profits. Timing works only when the moment to buy is tied to an analytically attractive price level, not to charts or market mood. First judge price against value; then decide when to act.

Today's question

Is your timing based on the relationship between price and value—or on a guess about the market's next move?