Day 266 · Sun, Jul 11, 2027 · Five editions

Sun, Jul 11, 2027

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

00:00 Night · Investing · Chinese classics

桓寬:Discourses on Salt and Iron, Volume 9, 繇役第四十九, Entry 1

桓寬《鹽鐵論》· 卷9·繇役第四十九 · Investing · Decision · Philosophy · Health

大夫曰:「屠者解分中理,可橫以手而離也;至其抽筋鑿骨,非行金斧不能決。聖主循性而化,有不從者,亦將舉兵而征之,是以湯誅葛伯,文王誅犬夷。及後戎、狄猾夏,中國不寧,周宣王、仲山甫式遏寇虐。詩云:『薄伐獫狁,至於太原。』『出車彭彭,城彼朔方。』自古明王不能無征伐而服不義,不能無城壘而禦強暴也。」

Source: https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B709
卷9·繇役第四十九·第1则

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

洪应明:Caigentan, Entry 257

洪应明《菜根譚》· 第257则 · Health · Philosophy · Cognition · Decision

水流而境無聲、得處喧見寂之趣。 山高而雲不礙、悟出有入無之機。

Source: https://zh.wikisource.org/wiki/%E8%8F%9C%E6%A0%B9%E8%AD%9A
第257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 141

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

A gardener who cultivates his own garden with his own hands, unites in his own person the three different characters, of landlord, farmer, and labourer. His produce, therefore, should pay him the rent of the first, the profit of the second, and the wages of the third. The whole, however, is commonly considered as the earnings of his labour. Both rent and profit are, in this case, confounded with wages.

Source: https://www.gutenberg.org/ebooks/3300
Book I, Chapter VI, paragraph 141

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

孟子:Mencius, 盡心下 12

孟子《孟子》· 盡心下·12 · Character · Leadership · Philosophy · Wealth

孟子曰:「不信仁賢,則國空虛;無禮義,則上下亂;無政事,則財用不足。」

Source: https://zh.wikisource.org/wiki/%E5%AD%9F%E5%AD%90/%E7%9B%A1%E5%BF%83%E4%B8%8B
盡心下·12

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 1982 Letter, Excerpt 4

Warren Buffett《Berkshire Hathaway 1982 Letter to Shareholders》· 1982 Chairman's Letter · Investing

To managers faced with such deterioration, a more flexible measurement system often suggests itself: just shoot the arrow of business performance into a blank canvas and then carefully draw the bullseye around the implanted arrow. We generally believe in pre-set, long-lived and small bullseyes. However, because of the importance of item (3) above, further explained in the following section, we believe our abandonment of the operating earnings/equity capital bullseye to be warranted.

Source: https://www.berkshirehathaway.com/letters/1982.html
1982 Chairman's Letter, excerpt 4

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?