Day 307 · Sat, Aug 21, 2027 · Five editions

Sat, Aug 21, 2027

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

00:00 Night · Career · Chinese classics

司馬光:Zizhi Tongjian, Volume 197, Entry 13

司馬光《資治通鑑》· 卷197·太宗文武大聖大廣孝皇帝中之下貞觀十七年(癸卯,公元六四三年) · Leadership · Cognition · Learning

庚子,定太子見三師儀:迎於殿門外,先拜,三師答拜;每門讓於三師。三師坐,太子乃坐。其與三師書,前後稱名、「惶恐」。

Source: https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7197
卷197·太宗文武大聖大廣孝皇帝中之下貞觀十七年(癸卯,公元六四三年)·第13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 how you work today?

07:00 Morning · Health · Chinese classics

洪应明:Caigentan, Entry 107

洪应明《菜根譚》· 第107则 · Health · Action · Character · Philosophy

士君子持身不可輕,輕則物能撓我,而無悠閑鎮定之趣; 用意不可重,重則我為物泥,而無瀟灑活潑之機。

Source: https://zh.wikisource.org/wiki/%E8%8F%9C%E6%A0%B9%E8%AD%9A
第107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 IV, Chapter V, Paragraph 1174

Adam Smith《The Wealth of Nations》· Book IV, Chapter V · Investing

It regulates the money price of all the other parts of the rude produce of land, which, in every period of improvement, must bear a certain proportion to that of corn, though this proportion is different in different periods. It regulates, for example, the money price of grass and hay, of butcher’s meat, of horses, and the maintenance of horses, of land carriage consequently, or of the greater part of the inland commerce of the country.

Source: https://www.gutenberg.org/ebooks/3300
Book IV, Chapter V, paragraph 1174

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

司馬光:Zizhi Tongjian, Volume 199, Entry 7

司馬光《資治通鑑》· 卷199·太宗文武大聖大廣孝皇帝下之下永徽元年(庚戌,公元六五零年) · Leadership · Health · Growth · Action

二月,辛卯,立皇子孝為許王,上金為杞王,素節為雍王。

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永徽元年(庚戌,公元六五零年)·第7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 how you work today?

21:00 Figures · Investing · Modern investor letters

Warren Buffett:Berkshire 1992 Letter, Excerpt 4

Warren Buffett《Berkshire Hathaway 1992 Letter to Shareholders》· 1992 Chairman's Letter · Investing

You should keep at least three points in mind as you evaluate this data. The first point concerns the many businesses we operate whose annual earnings are unaffected by changes in stock market valuations. The impact of these businesses on both our absolute and relative performance has changed over the years. Early on, returns from our textile operation, which then represented a significant portion of our net worth, were a major drag on performance, averaging far less than would have been the case if the money invested in that business had instead been invested in the S&P 500. In more recent years, as we assembled our collection of exceptional businesses run by equally exceptional managers, the returns from our operating businesses have been high - usually well in excess of the returns achieved by the S&P.

Source: https://www.berkshirehathaway.com/letters/1992.html
1992 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?