Thu, Jun 24, 2027

文學曰：「以正輔人謂之忠，以邪導人謂之佞。夫怫過納善者，君之忠臣，大夫之直士也。孔子曰：『大夫有爭臣三人，雖無道，不失其家。』今子處宰士之列，無忠正之心，枉不能正，邪不能匡，順流以容身，從風以說上。上所言則茍聽，上所行則曲從，若影之隨形，響之於聲，終無所是非。衣儒衣，冠儒冠，而不能行其道，非其儒也。譬若土龍，文章首目具而非龍也。葶歷似菜而味殊，玉石相似而異類。子非孔氏執經守道之儒，乃公卿面從之儒，非吾徒也。冉有為季氏宰而附益之，孔子曰：『小子鳴鼓而攻之，可也。故輔桀者不為智，為桀斂者不為仁。」

Source： https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B705
卷5·刺議第二十六·第2则

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

子問公叔文子於公明賈，曰：「信乎？夫子不言不笑不取乎？」公明賈對曰：「以吿者過也！夫子時然後言，人不厭其言；樂然後笑，人不厭其笑；義然後取，人不厭其取。」子曰：「其然！豈其然乎？」

Source： https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E6%86%B2%E5%95%8F%E7%AC%AC%E5%8D%81%E5%9B%9B
憲問第十四·十四之十四

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

初，大農筦鹽鐵官布多，置水衡，欲以主鹽鐵；及楊可告緡錢，上林財物眾，乃令水衡主上林。上林既充滿，益廣。是時越欲與漢用船戰逐，乃大修昆明池，列觀環之。治樓船，高十餘丈，旗幟加其上，甚壯。於是天子感之，乃作柏梁臺，高數十丈。宮室之修，由此日麗。

Source： https://zh.wikisource.org/wiki/%E5%8F%B2%E8%A8%98/%E5%8D%B7030
平準書·平準書·第37则

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所謂治國必先齊其家者，其家不可教而能教人者，無之。故君子不出家而成教於國：孝者，所以事君也；弟者，所以事長也；慈者，所以使衆也。康誥曰：「如保赤子。」心誠求之，雖不中不遠矣。未有學養子而後嫁者也。一家仁，一國興仁；一家讓，一國興讓；一人貪戾，一國作亂。其機如此。此謂一言僨事，一人定國。堯舜率天下以仁，而民從之；桀紂率天下以暴，而民從之。其所令反其所好，而民不從。是故君子有諸己而後求諸人，無諸己而後非諸人。所藏乎身不恕，而能喻諸人者，未之有也。故治國在齊其家。詩云：「桃之夭夭，其葉蓁蓁。之子于歸，宜其家人。

Source： https://zh.wikisource.org/wiki/%E7%A6%AE%E8%A8%98/%E5%A4%A7%E5%AD%B8
第5章

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

Summed up, the table on page 2 conveys three messages, two positive and one hugely negative. First, we have never had any five-year period beginning with 1965-69 and ending with 2005-09 – and there have been 41 of these – during which our gain in book value did not exceed the S&P’s gain. Second, though we have lagged the S&P in some years that were positive for the market, we have consistently done better than the S&P in the eleven years during which it delivered negative results. In other words, our defense has been better than our offense, and that’s likely to continue.

Source： https://www.berkshirehathaway.com/letters/2009ltr.pdf
2009 Chairman's Letter, excerpt 3

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