Sun, Mar 21, 2027

孟子曰：「有天爵者，有人爵者。仁、義、忠、信，樂善不倦，此天爵也。公卿大夫，此人爵也。古之人，修其天爵而人爵從之。今之人，修其天爵以要人爵。既得人爵而棄其天爵，則惑之甚者也，終亦必亡而已矣。」

Source： https://zh.wikisource.org/wiki/%E5%AD%9F%E5%AD%90/%E5%91%8A%E5%AD%90%E4%B8%8A
告子上·16

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

臣不親其主，百姓不信其吏，上下離而不和，故雖自安，必且危之。故曰：「上下不和，雖安必危。」

Source： https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC64%E7%AF%87%E5%BD%A2%E5%8B%A2%E8%A7%A3
第64篇形勢解·第67则

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

有司言三銖錢輕，易姦詐，乃更請諸郡國鑄五銖錢，周郭其下，令不可磨取鋊焉。

Source： https://zh.wikisource.org/wiki/%E5%8F%B2%E8%A8%98/%E5%8D%B7030
平準書·平準書·第21则

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

吳王問孫武曰：「散地士卒顧家，不可與戰，則必固守不出。若敵攻我小城，掠吾田野，禁吾樵採，塞吾要道，待吾空虛而急來攻，則如之何？」武曰：「敵人深入吾都，多背城邑，士卒以軍為家，專志輕鬥。吾兵在國，安土懷生，以陣則不堅，以鬥則不勝，當集人合衆，聚穀蓄帛，保城備險，遣輕兵絶其糧道，彼挑戰不得，轉輸不至，野無所掠，三軍困餒，因而誘之，可以有功。若與野戰，則必因勢，依險設伏，無險則隱於天氣陰晦昏霧，出其不意，襲擊懈怠，可以有功。」

Source： https://zh.wikisource.org/wiki/%E5%AD%AB%E5%AD%90%E5%85%B5%E6%B3%95
答話·第2则

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

If these seven business units had operated as a single company, their 1987 after-tax earnings would have been approximately $100 million - a return of about 57% on equity capital. You'll seldom see such a percentage anywhere, let alone at large, diversified companies with nominal leverage. Here's a benchmark: In its 1988 Investor's Guide issue, Fortune reported that among the 500 largest industrial companies and 500 largest service companies, only six had averaged a return on equity of over 30% during the previous decade. The best performer among the 1000 was Commerce Clearing House at 40.2%.

Source： https://www.berkshirehathaway.com/letters/1987.html
1987 Chairman's Letter, excerpt 4

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