Day 210 · Sun, May 16, 2027 · Five editions

Sun, May 16, 2027

Five emails a day: 00:00 Night / 07:00 Morning / 12:00 Noon / 17:00 Evening / 21:00 Figures

00:00 Night · Health · Chinese classics

洪应明:Caigentan, Entry 319

洪应明《菜根譚》· 第319则 · Health · Cognition · Philosophy · Learning

試思未生之前有何象貌、又思既死之後作何景色、則萬念灰冷、一性寂然、自可超物外遊象先。

Source: https://zh.wikisource.org/wiki/%E8%8F%9C%E6%A0%B9%E8%AD%9A
第319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 your body or mood today?

07:00 Morning · Health · Chinese classics

管仲(舊題):Guanzi, 第64篇形勢解, Entry 39

管仲(舊題)《管子》· 第64篇形勢解 · Character · Health · Decision · Action

聖人之求事也,先論其理義,計其可否。故義則求之,不義則止。可則求之,不可則止。故其所得事者,常爲身寶。小人之求事也,不論其理義,不計其可否。不義亦求之,不可亦求之。故其所得事者,未嘗爲賴也。故曰:「必得之事不足賴也。」

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39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 your body or mood today?

12:00 Noon · Investing · Chinese classics

管仲(舊題):Guanzi, 第78篇揆度, Entry 10

管仲(舊題)《管子》· 第78篇揆度 · Investing · Philosophy · Health · Leadership

「五穀者,民之司命也。刀幣者,溝瀆也。號令者,徐疾也。令重於寶,社稷重於親戚。胡謂也?」對曰:「夫城郭拔,社稷不血食,無生臣。親沒之後,無死子。此社稷之所重於親戚者也。故有城無人,謂之守平虛。有人而無甲兵而無食,謂之與禍居。」

Source: https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC78%E7%AF%87%E6%8F%86%E5%BA%A6
第78篇揆度·第10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

曾子及其门人:大學, Section 3

曾子及其门人《禮記·大學》· 第3章 · Character · Philosophy · Leadership · Health

「有斐君子,終不可諠兮」者,道盛德至善,民之不能忘也。詩云:「於戲前王不忘!」君子賢其賢而親其親,小人樂其樂而利其利,此以没世不忘也。康誥曰:「克明德。」大甲曰:「顧諟天之明命。」帝典曰:「克明峻德。」皆自明也。湯之盤銘曰:「苟日新,日日新,又日新。」康誥曰:「作新民。」詩曰:「周雖舊邦,其命惟新。」是故君子無所不用其極。詩云:「邦畿千里,惟民所止。」詩云:「緍蠻黄鳥,止于丘隅。」子曰:「於止,知其所止。可以人而不如鳥乎?」詩云:「穆穆文王,於緝熙敬止!」爲人君,止於仁;爲人臣,止於敬;爲人子,止於孝;

Source: https://zh.wikisource.org/wiki/%E7%A6%AE%E8%A8%98/%E5%A4%A7%E5%AD%B8
第3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 how you work today?

21:00 Figures · Investing · Modern investor letters

Benjamin Graham:Investment vs. Speculation

Benjamin Graham《Security Analysis》· Chapter IV, Distinctions Between Investment and Speculation · Investing · Decision · Philosophy

An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative.

Source: https://archive.org/details/dli.ernet.7983
Chapter IV, p. 63, paragraph beginning “An investment operation is one which”

Reading

Investment requires thorough analysis, safety of principal, and a satisfactory return; otherwise it is speculation.

Context

This is Graham and Dodd's classic definition of investment. An investment operation must rest on thorough analysis, promise safety of principal, and offer a satisfactory return; operations that fail these tests are speculative. The line between investment and speculation depends on analysis and safety, not on the type of security.

Today's question

Would your latest purchase pass the three gates of thorough analysis, safety of principal, and a satisfactory return?