Fri, Sep 10, 2027

天少雨，中書舍人李百藥上言：「往年雖出宮人，竊聞太上皇宮及掖庭宮人，無用者尚多，豈惟虛費衣食，且陰氣鬱積，亦足致旱。」上曰：「婦人幽閉深宮，誠為可愍。灑掃之餘，亦何所用，宜皆出之，任求伉儷。」於是遣尚書左丞戴冑、給事中洹水杜正倫於掖庭西門簡出之，前後所出三千餘人。

Source： https://zh.wikisource.org/wiki/%E8%B3%87%E6%B2%BB%E9%80%9A%E9%91%91/%E5%8D%B7193
卷193·太宗文武大聖大廣孝皇帝上之中貞觀二年（戊子，公元六二八年）·第3则

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

澄問：「喜怒哀樂之中、和，其全體常人固不能有。如一件小事當喜怒者，平時無有喜怒之心，至其臨時，亦能中節，亦可謂之中、和乎？」 先生曰：「在一時一事，固亦可謂之中、和，然未可謂之大本、達道。人性皆善，中、和是人人原有的，豈可謂無？但常人之心既有所昏蔽，則其本體雖亦時時發見，終是暫明暫滅，非其全體大用矣。無所不中，然後謂之『大本』；無所不和，然後謂之『達道』。惟天下之至誠，然後能立天下之『大本』。」 曰：「澄於『中』字之義尚未明。」 曰：「此須自心體認出來，非言語所能喻。『中』只是天理。」 曰：「何者為天理？」 曰：「去得人欲，便識天理。」 曰：「天理何以謂之中？」 曰：「無所偏倚。」 曰：「無所偏倚是何等氣象？」 曰：「如明鏡然，全體瑩徹，略無纖塵染著。」 曰：「偏倚是有所染著。如著在好色、好利、好名等項上，方見得偏倚；若未發時，美色、名、利皆未相著，何以便知其有所偏倚？」 曰：「雖未相著，然平日好色、好利、好名之心原未嘗無；既未嘗無，即謂之有；既謂之有，則亦不可謂無偏倚。譬之病瘧之人，雖有時不發，而病根原不曾除，則亦不得謂之無病之人矣。須是平日好色、好利、好名等項一應私心，掃除蕩滌，無復纖毫留滯，而此心全體廓然，純是天理，方可謂之『喜怒哀樂未發之中』，方是『天下之大本』。」

Source： https://zh.wikisource.org/wiki/%E5%82%B3%E7%BF%92%E9%8C%84/%E5%8D%B7%E4%B8%8A
卷上·第76条

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

By the early 1990s, however, our focus was changing to the outright ownership of businesses, a shift that materially diminished the relevance of balance sheet figures. That disconnect occurred because the accounting rules (commonly referred to as “GAAP”) that apply to companies we control differ in important ways from those used to value marketable securities. Specifically, the accounting for businesses we own requires that the carrying value of “losers” be written down when their failures become apparent. “Winners,” conversely, are never revalued upwards.

Source： https://www.berkshirehathaway.com/letters/2016ltr.pdf
2016 Chairman's Letter, excerpt 1

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

三月，丙申朔，上與群臣及外夷宴於洛城門，觀屯營新教之舞，謂之《一戎大定樂》。時上欲親征高麗，以象用武之勢也。

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3则

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

Just because Charlie and I can clearly see dramatic growth ahead for an industry does not mean we can judge what its profit margins and returns on capital will be as a host of competitors battle for supremacy. At Berkshire we will stick with businesses whose profit picture for decades to come seems reasonably predictable. Even then, we will make plenty of mistakes.

Source： https://www.berkshirehathaway.com/letters/2009ltr.pdf
2009 Chairman's Letter, excerpt 4

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