Sun, Aug 15, 2027

壬子，徙潞王賢為沛王。賢聞王勃善屬文，召為修撰。勃，通之孫也。時諸王鬥雞，勃戲為《檄周王雞文》。上見之，怒曰：「此乃交構之漸。」斥勃出沛府。

Source： https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7200
卷200·高宗天皇大聖大弘孝皇帝上之下龍朔元年（辛酉，公元六六一年）·第10则

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

君臣親，上下和，萬民輯，故主有令則民行之，上有禁則民不犯。君臣不親，上下不和，萬民不輯，故令則不行，禁則不止。故曰：「上下不和，令乃不行。」

Source： https://zh.wikisource.org/wiki/%E7%AE%A1%E5%AD%90/%E7%AC%AC64%E7%AF%87%E5%BD%A2%E5%8B%A2%E8%A7%A3
第64篇形勢解·第54则

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

o Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable. This is precisely the choice that often faces us since entire businesses (whose earnings will be fully reportable) frequently sell for double the pro-rata price of small portions (whose earnings will be largely unreportable). In aggregate and over time, we expect the unreported earnings to be fully reflected in our intrinsic business value through capital gains.

Source： https://www.berkshirehathaway.com/letters/1983.html
1983 Chairman's Letter, excerpt 4

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

癸未，新羅相金春秋及其子文王入見。春秋，真德之弟也。上以春秋為特進，文王為左武衛將軍。春秋請改章服從中國，內出冬服賜之。

Source： https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7199
卷199·太宗文武大聖大廣孝皇帝下之下貞觀二十二年（戊申，公元六四八年）·第32则

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

What counts, of course, is the rate of gain in per-share business value, not book value. In many cases, a corporation's book value and business value are almost totally unrelated. For example, just before they went bankrupt, LTV and Baldwin-United published yearend audits showing their book values to be $652 million and $397 million, respectively. Conversely, Belridge Oil was sold to Shell in 1979 for $3.6 billion although its book value was only $177 million.

Source： https://www.berkshirehathaway.com/letters/1987.html
1987 Chairman's Letter, excerpt 1

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