Day 236 · Fri, Jun 11, 2027 · Five editions

Fri, Jun 11, 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

孔子及其弟子:Analects 10.10

孔子及其弟子《論語》· 鄉黨第十·十之十 · Health · Growth · Human nature

鄉人飮酒,杖者出,斯出矣。鄉人儺,朝服而立於阼階。

Source: https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E9%84%89%E9%BB%A8%E7%AC%AC%E5%8D%81
鄉黨第十·十之十

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

洪应明:Caigentan, Entry 178

洪应明《菜根譚》· 第178则 · Health · Philosophy · History

一念慈祥,可以醞釀兩間和氣; 寸心潔白,可以昭垂百代清芬。

Source: https://zh.wikisource.org/wiki/%E8%8F%9C%E6%A0%B9%E8%AD%9A
第178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 · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter VI, Paragraph 125

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

In this state of things, the whole produce of labour does not always belong to the labourer. He must in most cases share it with the owner of the stock which employs him. Neither is the quantity of labour commonly employed in acquiring or producing any commodity, the only circumstance which can regulate the quantity which it ought commonly to purchase, command or exchange for. An additional quantity, it is evident, must be due for the profits of the stock which advanced the wages and furnished the materials of that labour.

Source: https://www.gutenberg.org/ebooks/3300
Book I, Chapter VI, paragraph 125

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 · Entrepreneur memoirs

Jack Ma:Passing On Leadership and Culture

Jack Ma《2018 Letter to Investors》· On leadership succession · Leadership · Character · Growth

企業領導層和組織文化的傳承一直是任何企業的最大挑戰。

Source: https://www.alibabanews.com/mwc-aliyuntech-change-changyiyikejiyingduiquanqiutiaozhan-2/
2018 letter to investors, paragraph beginning “此刻我充滿驕傲和欣慰...”

Reading

Leadership and cultural succession are the hardest challenge any company faces.

Context

Jack Ma (1964–) was an English teacher in Hangzhou before founding Alibaba in 1999. In his final letter to shareholders as chairman, he handed the company to Daniel Zhang and the partnership, arguing that leadership and cultural succession are the hardest tests any company faces. The letter frames succession as the real measure of an institution's maturity.

Today's question

If your company replaced its founder tomorrow, which mechanism would keep its culture and judgment intact?

21:00 Figures · Investing · Modern investor letters

Warren Buffett:Berkshire 2007 Letter, Excerpt 2

Warren Buffett《Berkshire Hathaway 2007 Letter to Shareholders》· 2007 Chairman's Letter · Investing

Berkshire has two major areas of value. The first is our investments: stocks, bonds and cash equivalents. At yearend these totaled $141 billion (not counting those in our finance or utility operations, which we assign to our second bucket of value).

Source: https://www.berkshirehathaway.com/letters/2007ltr.pdf
2007 Chairman's Letter, excerpt 2

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?