Day 337 · Mon, Sep 20, 2027 · Five editions

Mon, Sep 20, 2027

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

00:00 Night · Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter XI, Paragraph 382

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

The sea in the neighbourhood of the islands of Shetland is more than commonly abundant in fish, which makes a great part of the subsistence of their inhabitants. But, in order to profit by the produce of the water, they must have a habitation upon the neighbouring land. The rent of the landlord is in proportion, not to what the farmer can make by the land, but to what he can make both by the land and the water. It is partly paid in sea-fish; and one of the very few instances in which rent makes a part of the price of that commodity, is to be found in that country.

Source: https://www.gutenberg.org/ebooks/3300
Book I, Chapter XI, paragraph 382

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

王阳明:Chuanxilu, 卷下 296

王阳明《傳習錄》· 卷下·第296条 · Decision · Health · Action · Human nature

先生曰:「『烝烝乂不格姦』,本註說象已進於義,不至大為姦惡。舜徵庸後,象猶日以殺舜為事,何大姦惡如之!舜只是自進於乂,以乂薰烝,不去正他姦惡。凡文過揜慝,此是惡人常態,若要指摘他是非,反去激他惡性。舜初時致得象要殺己,亦是要象好的心太急,此就是舜之過處。經過來,乃知功夫只在自己,不去責人,所以致得『克諧』,此是舜動心忍性,增益不能處。古人言語,俱是自家經歷過來,所以說得親切。遺之後世,曲當人情;若非自家經過,如何得他許多苦心處?」

Source: https://zh.wikisource.org/wiki/%E5%82%B3%E7%BF%92%E9%8C%84/%E5%8D%B7%E4%B8%8B
卷下·第296条

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 · Chinese classics

桓寬:Discourses on Salt and Iron, Volume 10, 周秦第五十七, Entry 2

桓寬《鹽鐵論》· 卷10·周秦第五十七 · Investing · Leadership · Health · Character

文學曰:「古者,周其禮而明其教,禮周教明,不從者然後等之以刑,刑罰中,民不怨。故舜施四罪而天下咸服,誅不仁也。輕重各服其誅,刑必加而無赦,赦惟疑者。若此,則世安得不軌之人而罪之?今殺人者生,剽攻竊盜者富。故良民內解怠,輟耕而隕心。古者,君子不近刑人,刑人非人也,身放殛而辱後世,故無賢不肖,莫不恥也。今無行之人,貪利以陷其身,蒙戮辱而捐禮義,恒於茍生。何者?一日下蠶室,創未瘳,宿衛人主,出入宮殿,由得受奉祿,食大官享賜,身以尊榮,妻子獲其饒。故或載卿相之列,就刀鋸而不見閔,況眾庶乎?夫何恥之有!今廢其德教,而責之以禮義,是虐民也。春秋傳曰:『子有罪,執其父。臣有罪,執其君,聽失之大者也。』今以子誅父,以弟誅兄,親戚相坐,什伍相連,若引根本之及華葉,傷小指之累四體也。如此,則以有罪反誅無罪,無罪者寡矣。臧文仲治魯,勝其盜而自矜。子貢曰:『民將欺,而況盜乎!』故吏不以多斷為良,醫不以多刺為工。子產刑二人,殺一人,道不拾遺,而民無誣心。故為民父母,以養疾子,長恩厚而已。自首匿相坐之法立,骨肉之恩廢,而刑罪多矣。父母之於子,雖有罪猶匿之,其不欲服罪爾。聞子為父隱,父為子隱,未聞父子之相坐也。聞兄弟緩追以免賊,未聞兄弟之相坐也。聞惡惡止其人,疾始而誅首惡,未聞什伍而相坐也。老子曰:『上無欲而民樸,上無事而民自富。』君君臣臣,父父子子。比地何伍,而執政何責也?」

Source: https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B710
卷10·周秦第五十七·第2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?

17:00 Evening · Career · Chinese classics

孟子:Mencius, 盡心下 15

孟子《孟子》· 盡心下·15 · Leadership · Decision · Growth · Cognition

孟子曰:「聖人,百世之師也,伯夷、柳下惠是也。故聞伯夷之風者,頑夫廉,懦夫有立志。聞柳下惠之風者,薄夫敦,鄙夫寬。奮乎百世之上,百世之下聞者莫不興起也。非聖人而能若是乎?而況於親炙之者乎?」

Source: https://zh.wikisource.org/wiki/%E5%AD%9F%E5%AD%90/%E7%9B%A1%E5%BF%83%E4%B8%8B
盡心下·15

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 2022 Letter, Excerpt 4

Warren Buffett《Berkshire Hathaway 2022 Letter to Shareholders》· 2022 Chairman's Letter · Investing

Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.

Source: https://www.berkshirehathaway.com/letters/2022ltr.pdf
2022 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?