Day 144 · Thu, Mar 11, 2027 · Five editions

Thu, Mar 11, 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 5

桓寬《鹽鐵論》· 卷6·授時第三十五 · Investing · Decision · Character · Philosophy

大夫曰:「縣官之於百姓,若慈父之於子也:忠焉能勿誨乎?愛之而勿勞乎?故春親耕以勸農,賑貸以贍不足,通滀水,出輕系,使民務時也。蒙恩被澤,而至今猶以貧困,其難與適道若是夫!」

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5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

老子:Dao De Jing, Chapter 47

老子《道德經》· 四十七章 · Health · Cognition · Action · Philosophy

不出戶,知天下;不闚牖,見天道。 其出彌遠,其知彌少。 是以聖人不行而知,不見而名, 不為而成。

Source: https://zh.wikisource.org/wiki/%E9%81%93%E5%BE%B7%E7%B6%93_%28%E7%8E%8B%E5%BC%BC%E6%9C%AC%29
王弼本·四十七章

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 IV, Paragraph 72

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

And, lastly, what are the different circumstances which sometimes raise some or all of these different parts of price above, and sometimes sink them below, their natural or ordinary rate; or, what are the causes which sometimes hinder the market price, that is, the actual price of commodities, from coinciding exactly with what may be called their natural price.

Source: https://www.gutenberg.org/ebooks/3300
Book I, Chapter IV, paragraph 72

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 193, Entry 1

司馬光《資治通鑑》· 卷193·太宗文武大聖大廣孝皇帝上之中貞觀三年(己丑、公元六二九年) · Leadership

春,正月,戊午,上祀太廟;癸亥,耕藉於東郊。

Source: https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7193
卷193·太宗文武大聖大廣孝皇帝上之中貞觀三年(己丑、公元六二九年)·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 2019 Letter, Excerpt 4

Warren Buffett《Berkshire Hathaway 2019 Letter to Shareholders》· 2019 Chairman's Letter · Investing

Meanwhile, in what we might call the real world, as opposed to accounting-land, Berkshire’s equity holdings averaged about $200 billion during the two years, and the intrinsic value of the stocks we own grew steadily and substantially throughout the period.

Source: https://www.berkshirehathaway.com/letters/2019ltr.pdf
2019 Chairman's Letter, excerpt 4

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?