Day 354 · Thu, Oct 7, 2027 · Five editions

Thu, Oct 7, 2027

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

00:00 Night · Investing · Chinese classics

班固:Book of Han, Food and Money, 下 貨, Entry 4

班固《漢書》· 下 貨 · Wealth · Investing · Leadership · Human nature

夫事有召禍而法有起姦,今令細民人操造幣之勢,各隱屏而鑄作,因欲禁其厚利微姦,雖黥罪日報,其勢不止。乃者,民人抵罪,多者一縣百數,及吏之所疑,榜笞奔走者甚眾。夫縣法以誘民,使入陷阱,孰積於此!曩禁鑄錢,死罪積下;今公鑄錢,黥罪積下。為法若此,上何賴焉? 又民用錢,郡縣不同:或用錢輕,百加若干;或用重錢,平稱不受。法錢不立,吏急而壹之虖,則大為煩苛,而力不能勝;縱而弗呵虖,則市肆異用,錢文大亂。苟非其術,何鄉而可哉! 今農事棄捐而采銅者日蕃,釋其耒耨,冶鎔炊炭,姦錢日多,五穀不為多。善人怵而為姦邪,愿民陷而之刑戮,刑戮將甚不詳,奈何而忽!國知患此,吏議必曰禁之。禁之不得其術,其傷必大。

Source: https://zh.wikisource.org/wiki/%E6%BC%A2%E6%9B%B8/%E5%8D%B7024
卷二十四·下 貨·第4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?

07:00 Morning · Health · Chinese classics

洪应明:Caigentan, Entry 9

洪应明《菜根譚》· 第9则 · Health · Decision · Action · Philosophy

夜深人靜,獨坐觀心,始覺妄窮而真獨露,每於此中得大機趣;既覺真現而妄難逃,又於此中得大慚忸。

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

桓寬:Discourses on Salt and Iron, Volume 7, 能言第四十, Entry 1

桓寬《鹽鐵論》· 卷7·能言第四十 · Investing · Character · Leadership · Action

大夫曰:「盲者口能言白黑,而無目以別之。儒者口能言治亂,而無能以行之。夫坐言不行,則牧童兼烏獲之力,蓬頭苞堯、舜之德。故使言而近,則儒者何患於治亂,而盲人何患於白黑哉?言之不出,恥躬之不逮。故卑而言高,能言而不能行者,君子恥之矣。」

Source: https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B707
卷7·能言第四十·第1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 · Entrepreneur memoirs

Henry Ford:My Life and Work, Excerpt 28

Henry Ford《My Life and Work》· Chapter II · Leadership

There is also the great fear of being thought a fool. So many men are afraid of being considered fools. I grant that public opinion is a powerful police influence for those who need it. Perhaps it is true that the majority of men need the restraint of public opinion. Public opinion may keep a man better than he would otherwise be--if not better morally, at least better as far as his social desirability is concerned. But it is not a bad thing to be a fool for righteousness' sake. The best of it is that such fools usually live long enough to prove that they were not fools--or the work they have begun lives long enough to prove they were not foolish.

Source: https://www.gutenberg.org/ebooks/7213
Chapter II, excerpt 28

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 2020 Letter, Excerpt 4

Warren Buffett《Berkshire Hathaway 2020 Letter to Shareholders》· 2020 Chairman's Letter · Investing

As I’ve emphasized many times, Charlie and I view Berkshire’s holdings of marketable stocks – at yearend worth $281 billion – as a collection of businesses. We don’t control the operations of those companies, but we do share proportionately in their long-term prosperity. From an accounting standpoint, however, our portion of their earnings is not included in Berkshire’s income. Instead, only what these investees pay us in dividends is recorded on our books. Under GAAP, the huge sums that investees retain on our behalf become invisible.

Source: https://www.berkshirehathaway.com/letters/2020ltr.pdf
2020 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?