Thu, Jul 22, 2027

So far as it is employed in the second way, it promotes industry; and though it increases the consumption of the society, it provides a permanent fund for supporting that consumption; the people who consume reproducing, with a profit, the whole value of their annual consumption. The gross revenue of the society, the annual produce of their land and labour, is increased by the whole value which the labour of those workmen adds to the materials upon which they are employed, and their neat revenue by what remains of this value, after deducting what is necessary for supporting the tools and instruments of their trade.

Source： https://www.gutenberg.org/ebooks/3300
Book II, Chapter II, paragraph 743

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

子曰：「周監於二代，郁郁乎文哉！吾從周。」

Source： https://zh.wikisource.org/wiki/%E8%AB%96%E8%AA%9E/%E5%85%AB%E4%BD%BE%E7%AC%AC%E4%B8%89
八佾第三·三之十四

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

御史曰：「執法者國之轡銜，刑罰者國之維楫也。故轡銜不飭，雖王良不能以致遠；維楫不設，雖良工不能以絕水。韓子疾有國者不能明其法勢，御其臣下，富國強兵，以制敵禦難，惑於愚儒之文詞，以疑賢士之謀，舉浮淫之蠹，加之功實之上，而欲國之治，猶釋階而欲登高，無銜橛而御捍馬也。今刑法設備，而民猶犯之，況無法乎？其亂必也！」

Source： https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B710
卷10·刑德第五十五·第6则

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

作人無甚高遠事業，擺脫得俗情，便入名流； 為學無甚增益工夫，減除得物累，便超聖境。

Source： https://zh.wikisource.org/wiki/%E8%8F%9C%E6%A0%B9%E8%AD%9A
第14则

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

No company comes close to Berkshire in being financially prepared for a $400 billion mega-cat. Our share of such a loss might be $12 billion or so, an amount far below the annual earnings we expect from our non-insurance activities. Concurrently, much – indeed, perhaps most – of the p/c world would be out of business. Our unparalleled financial strength explains why other p/c insurers come to Berkshire – and only Berkshire – when they, themselves, need to purchase huge reinsurance coverages for large payments they may have to make in the far future.

Source： https://www.berkshirehathaway.com/letters/2017ltr.pdf
2017 Chairman's Letter, excerpt 3

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