Day 242 · Thu, Jun 17, 2027 · Five editions

Thu, Jun 17, 2027

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

00:00 Night · Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 614

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

As the low value of gold and silver, therefore, is no proof of the wealth and flourishing state of the country where it takes place; so neither is their high value, or the low money price either of goods in general, or of corn in particular, any proof of its poverty and barbarism.

Source: https://www.gutenberg.org/ebooks/3300
Book I, Chapter XI, paragraph 614

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?

07:00 Morning · Health · Chinese classics

老子:Dao De Jing, Chapter 42

老子《道德經》· 四十二章 · Philosophy · Human nature · Health · Wealth

道生一,一生二,二生三,三生萬物。萬物負陰而抱陽,沖氣以為和。人之所惡,唯孤﹑寡﹑不穀,而王公以為稱。故物或損之而益,或益之而損。 人之所教,我亦教之。 強梁者不得其死,吾將以為教父。

Source: https://zh.wikisource.org/wiki/%E9%81%93%E5%BE%B7%E7%B6%93_%28%E7%8E%8B%E5%BC%BC%E6%9C%AC%29
王弼本·四十二章

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 your body or mood today?

12:00 Noon · Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 519

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

From 1595 to 1620, both inclusive, the average price of the quarter of nine bushels of the best wheat, at Windsor market, appears, from the accounts of Eton college, to have been £ 2:1:6 ⁹⁄₁₃. From which sum, neglecting the fraction, and deducting a ninth, or 4s. 7 ⅓d., the price of the quarter of eight bushels comes out to have been £ 1:16:10 ⅔. And from this sum, neglecting likewise the fraction, and deducting a ninth, or 4s. 1 ⅑d., for the difference between the price of the best wheat and that of the middle wheat, the price of the middle wheat comes out to have been about £ 1:12:8 ⁸⁄₉, or about six ounces and one-third of an ounce of silver.

Source: https://www.gutenberg.org/ebooks/3300
Book I, Chapter XI, paragraph 519

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

管仲(舊題):Guanzi, 第16篇法法, Entry 8

管仲(舊題)《管子》· 第16篇法法 · Leadership · Human nature · Decision · Growth

國無以小與不幸而削亡者,必主與大臣之德行失於身也,官職、法制、政教失於國也,諸侯之謀慮失於外也,故地削而國危矣。國無以大與幸而有功名者,必主與大臣之德行得於身也,官職、法制、政教得於國也,諸侯之謀慮得於外也,然後功立而名成。然則國何可無道?人何可無求?得道而導之,得賢而使之,將有所大期於興利除害,期於興利除害,莫急於身,而君獨甚傷也,必先令之失。人主失令而蔽,已蔽而劫,已劫而弒。凡人君之所以爲君者,勢也,故人君失勢,則臣制之矣。勢在下,則君制於臣矣;勢在上,則臣制於君矣。故君臣之易位,勢在下也。在臣期年,臣雖不忠,君不能奪也。在子期年,子雖不孝,父不能服也。故《春秋》之記,臣有弒其君,子有弒其父者矣。故曰:堂上遠於百里,堂下遠於千里,門廷遠於萬里。今步者一日,百里之情通矣;堂上有事,十日而君不聞,此所謂遠於百里也。步者十日,千里之情通矣;堂下有事,一月而君不聞,此所謂遠於千里也。步者百日,萬里之情通矣;門廷有事,期年而君不聞,此所謂遠於萬里也。故請入而不出謂之滅,出而不入謂之絕,入而不至謂之侵,出而道止謂之壅。滅絕侵壅之君者,非杜其門而守其戶也,爲政之有所不行也。故曰:令重於寶,社稷先於親戚;法重於民,威權貴於爵祿。故不爲重寶輕號令,不爲親戚後社稷,不爲愛民枉法律,不爲爵祿分威權。故曰:勢非所以予人也。

Source: https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC16%E7%AF%87%E6%B3%95%E6%B3%95
第16篇法法·第8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 how you work today?

21:00 Figures · Investing · Modern investor letters

Warren Buffett:Berkshire 2023 Letter, Excerpt 1

Warren Buffett《Berkshire Hathaway 2023 Letter to Shareholders》· 2023 Chairman's Letter · Investing

In what I next relate, bear in mind that Charlie and his family did not have a dime invested in the small investing partnership that I was then managing and whose money I had used for the Berkshire purchase. Moreover, neither of us expected that Charlie would ever own a share of Berkshire stock.

Source: https://www.berkshirehathaway.com/letters/2023ltr.pdf
2023 Chairman's Letter, excerpt 1

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?