Tue, Mar 23, 2027

處富貴之地，要知貧賤的痛癢； 當少壯之時，須念衰老的辛酸。

Source： https://zh.wikisource.org/wiki/%E8%8F%9C%E6%A0%B9%E8%AD%9A
第185则

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

子適衞，冉有僕。子曰：「庶矣哉！」冉有曰：「既庶矣，又何加焉？」曰：「富之。」曰：「既富矣，又何加焉？」曰：「教之。」

Source： https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E5%AD%90%E8%B7%AF%E7%AC%AC%E5%8D%81%E4%B8%89
子路第十三·十三之九

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

Over the years, however, we have focused more and more on the acquisition of operating businesses. Using our funds for these purchases has both slowed our growth in investments and accelerated our gains in pre-tax earnings from non-insurance businesses, the second yardstick we use. Here’s how those earnings have looked:

Source： https://www.berkshirehathaway.com/letters/2006ltr.pdf
2006 Chairman's Letter, excerpt 4

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

人臣之所以乘而爲姦者，擅主也。臣有擅主者，則主令不得行，而下情不上通。人臣之力，能鬲君臣之閒，而使美惡之情不揚聞，禍福之事不通徹，人主迷惑而無從悟。如此者，塞主之道也。故《明法》曰：「下情不上通謂之塞。」

Source： https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC67%E7%AF%87%E6%98%8E%E6%B3%95%E8%A7%A3
第67篇明法解·第9则

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

What are the models? Well, the first rule is that you've got to have multiple models—because if you just have one or two that you're using, the nature of human psychology is such that you'll torture reality so that it fits your models, or at least you'll think it does.

Source： https://web.archive.org/web/20140625062802/http://ycombinator.com/munger.html
Archived transcript, paragraph 7 (beginning “What are the models?”)