Fri, Jun 4, 2027

子曰：「參乎！吾道一以貫之。」曾子曰：「唯。」子出，門人問曰：「何謂也？」曾子曰：「夫子之道，忠恕而已矣！」

Source： https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E9%87%8C%E4%BB%81%E7%AC%AC%E5%9B%9B
里仁第四·四之十五

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

子曰：「已矣乎！吾未見能見其過，而內自訟者也。」

Source： https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E5%85%AC%E5%86%B6%E9%95%B7%E7%AC%AC%E4%BA%94
公冶長第五·五之二七

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

The restatement was required because GEICO became a wholly-owned subsidiary of Berkshire on January 2, 1996, whereas it was previously classified as an investment. From an economic viewpoint - taking into account major tax efficiencies and other benefits we gained - the value of the 51% of GEICO we owned at year-end 1995 increased significantly when we acquired the remaining 49% of the company two days later. Accounting rules applicable to this type of "step acquisition," however, required us to write down the value of our 51% at the time we moved to 100%. That writedown - which also, of course, reduced book value - amounted to $478.4 million. As a result, we now carry our original 51% of GEICO at a value that is both lower than its market value at the time we purchased the remaining 49% of the company and lower than the value at which we carry that 49% itself.

Source： https://www.berkshirehathaway.com/letters/1996.html
1996 Chairman's Letter, excerpt 2

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

上嘗謂張亮曰：「卿既事佛，何不出家？」瑀因自請出家。上曰：「亦知公雅好桑門，今不違公意。」瑀須臾復進曰：「臣適思之，不能出家。」上以瑀對群臣發言反覆，尤不能平；會稱足疾不朝，或至朝堂而不入見。上知瑀意終怏怏，冬，十月，手詔數其罪曰：「朕於佛教，非意所遵。求其道者未驗福於將來，修其教者翻受辜於既往。至若梁武窮心於釋氏，簡文銳意於法門，傾帑藏以給僧示氐，殫人力以供塔廟。及乎三淮沸浪，五嶺騰煙，假餘息於熊蹯，引殘魂於雀鷇，子孫覆亡而不暇，社稷俄頃而為墟，報施之征，何其謬也！瑀踐覆車之餘軌，襲亡國之遺風；棄公就私，未明隱顯之際；身俗口道，莫辨邪正之心。修累葉之殃源，祈一躬之福本，上以違忤君主，下則扇習浮華。自請出家，尋復違異。一回一惑，在乎瞬息之間；自可自否，變於帷扆之所。乖棟樑之體，豈具瞻之量乎！朕隱忍至今，瑀全無悛改。可商州刺史，仍除其封。」上自高麗還，蓋蘇文益驕恣，雖遣使奉表，其言率皆詭誕；又待唐使者倨慢，常窺伺邊隙。屢敕令勿攻新羅，而侵陵不止。壬申，詔勿受其朝貢，更議討之。

Source： https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7198
卷198·太宗文武大聖大廣孝皇帝下之上貞觀二十年（丙午，公元六四六年）·第24则

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

We will continue to make investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations or short-term Wall Street reactions.

Source： https://www.aboutamazon.com/news/company-news/amazons-original-1997-letter-to-shareholders
Letter to shareholders, section “It's All About the Long Term,” bullet beginning “We will continue to make investment decisions...”