Fri, Jun 25, 2027

「政與教孰急？」管子曰：「夫政教相似而殊方。若夫教者，標然若秋雲之遠，動人心之悲；藹然若夏之靜雲，乃及人之體；𩿊然若謞之靜，動人意以怨；蕩蕩若流水，使人思之。人所生往，教之始也，身必備之。辟之若秋雲之始見，賢者、不肖者化焉。敬而待之，愛而使之，若樊神山祭之。賢者少，不肖者多，使其賢，不肖惡得不化？今夫政則少則，若夫成形之徵者也。去則少，可使人乎？」「用貧與富，何如而可？」曰：「甚富不可使，甚貧不知恥，水平而不流，無源則遬竭。雲平而雨不甚，無委雲，雨則遬已。政平而無威則不行，愛而無親則流。親左有用，無用則辟之。若相爲，有兆怨。上短下長，無度而用，則危本。不稱而祀譚次祖，犯詛渝盟傷言。敬祖禰，尊始也。齊約之信，論行也。尊天地之理，所以論威也。薄德之君之府囊也，必因成刑而論於人，此政行也，可以王乎？」

Source： https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC35%E7%AF%87%E4%BE%88%E9%9D%A1
第35篇侈靡·第3则

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

人之足傳，在有德，不在有位。世所相信，在能行，不在能言 人知佛老為異端，不知凡背乎經常者，皆異端也

Source： https://zh.wikisource.org/wiki/%E5%9C%8D%E7%88%90%E5%A4%9C%E8%A9%B1
第150段（按原排版相邻两行合并）

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

The different taxes which, in Great Britain, have, in the course of the present century, been imposed upon spiritous liquors, are not supposed to have had any effect upon the wages of labour. The rise in the price of porter, occasioned by an additional tax of three shillings upon the barrel of strong beer, has not raised the wages of common labour in London. These were about eighteen pence or twenty pence a-day before the tax, and they are not more now.

Source： https://www.gutenberg.org/ebooks/3300
Book V, Chapter II, paragraph 2028

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

分國以爲五鄉，鄉爲之師。分鄉以爲五州，州爲之長。分州以爲十里，里爲之尉。分里以爲十游，游爲之宗。十家爲什，五家爲伍，什伍皆有長焉。築障塞匿，一道路，博出入，審閭閈，慎筦鍵。筦藏于里尉，置閭有司，以時開閉。閭有司觀出入者，以復于里尉。凡出入不時，衣服不中，圈屬羣徒，不順於常者，閭有司見之，復無時。若在長家子弟、臣妾、屬役、賓客，則里尉以譙于游宗，游宗以譙于什伍，什伍以譙于長家。譙敬而勿復，一再則宥，三則不赦。凡孝悌、忠信、賢良、儁材，若在長家子弟、臣妾、屬役、賓客，則什伍以復于游宗，游宗以復于里尉，里尉以復于州長，州長以計于鄉師，鄉師以著于士師。凡過黨，其在家屬，及于長家；其在長家，及于什伍之長。其在什伍之長，及于游宗；其在游宗，及于里尉；其在里尉，及于州長；其在州長，及于鄉師；其在鄉師，及于士師。三月一復，六月一計，十二月一著。凡上賢不過等，使能不兼官，罰有罪不獨及，賞有功不專與。孟春之朝，君自聽朝，論爵賞校官，終五日。季冬之夕，君自聽朝，論罰罪刑殺，亦終五日。正月之朔，百吏在朝，君乃出令布憲于國。五鄉之師，五屬大夫，皆受憲于太史。大朝之日，五鄉之師，五屬大夫，皆身習憲于君前。太史既布憲，入籍于太府，憲籍分于君前。五鄉之師出朝，遂于鄉官，致于鄉屬，及于游宗，皆受憲。憲既布，乃反致令焉，然後敢就舍。憲未布，令未致，不敢就舍，就舍謂之留令，死罪不赦。五屬大夫，皆以行車朝，出朝不敢就舍，遂行。至都之日，遂於廟，致屬吏，皆受憲。憲既布，乃發使者，致令以布憲之日，蚤晏之時。憲既布，使者以發，然後敢就舍。憲未布，使者未發，不敢就舍，就舍謂之留令，罪死不赦。憲既布，有不行憲者，謂之不從令，罪死不赦。考憲而有不合于太府之籍者，曰侈專制，不足曰虧令，罪死不赦。首憲既布，然後可以布憲。

Source： https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC04%E7%AF%87%E7%AB%8B%E6%94%BF
第04篇立政·第7则

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

Measuring such results against shareholders’ equity with securities valued at market could significantly distort the operating performance percentage because of wide year-to-year market value changes in the net worth figure that serves as the denominator. For example, a large decline in securities values could result in a very low “market value” net worth that, in turn, could cause mediocre operating earnings to look unrealistically good. Alternatively, the more successful that equity investments have been, the larger the net worth base becomes and the poorer the operating performance figure appears. Therefore, we will continue to report operating performance measured against beginning net worth, with securities valued at cost.

Source： https://www.berkshirehathaway.com/letters/1979.html
1979 Chairman's Letter, excerpt 4

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