Thu, Oct 14, 2027

文學曰：「古者之賦稅於民也，因其所工，不求所拙。農人納其獲，女工效其功。今釋其所有，責其所無。百姓賤賣貨物，以便上求。間者，郡國或令民作布絮，吏恣留難，與之為市。吏之所入，非獨齊、阿之縑，蜀、漢之布也，亦民間之所為耳。行奸賣平，農民重苦，女工再稅，未見輸之均也。縣官猥發，闔門擅市，則萬物幷收。萬物幷收，則物騰躍。騰躍，則商賈侔利。自市，則吏容奸。豪吏富商積貨儲物以待其急，輕賈奸吏收賤以取貴，未見準之平也。蓋古之均輸，所以齊勞逸而便貢輸，非以為利而賈萬物也。」

Source： https://zh.wikisource.org/wiki/%E9%B9%BD%E9%90%B5%E8%AB%96/%E5%8D%B701
卷1·本議第一·第12则

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

曰仁云：「心猶鏡也，聖人心如明鏡，常人心如昏鏡。近世『格物』之說，如以鏡照物；照上用功，不知鏡尚昏在，何能照？先生之『格物』，如磨鏡而使之明，磨上用功，明了後亦未嘗廢照。」

Source： https://zh.wikisource.org/wiki/%E5%82%B3%E7%BF%92%E9%8C%84/%E5%8D%B7%E4%B8%8A
卷上·第62条

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

Diversification is an established tenet of conservative investment. By accepting it so universally, investors are really demonstrating their acceptance of the margin-of-safety principle, to which diversification is the companion.

Source： https://archive.org/details/the-intelligent-investor-benjamin-graham_202508
Chapter 20, pp. 518–519, paragraph beginning “There is a close logical connection between the concept of a safety margin and the principle of diversification”

We were then shipping a large quantity of oil by lake and canal, to save in transportation, and it took additional capital to carry these shipments; and we required to borrow a large amount of money. We had already made extensive loans from another bank, whose president informed me that his board of directors had been making inquiries respecting our large line of discounts, and had stated that they would probably want to talk with me on the subject. I answered that I would be very glad of the opportunity to meet the board, as we would require a great deal more money from the bank. Suffice it to say, we got all we wanted, but I was not asked to call for any further explanations.

Source： https://www.gutenberg.org/ebooks/17090
Chapter I, excerpt 18

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

"Well," he said, "Mr. Potts" (who was then superintendent of the Pittsburgh Division) "is to be promoted to the transportation department in Philadelphia and I recommended you to the president as his successor. He agreed to give you a trial. What salary do you think you should have?"

Source： https://www.gutenberg.org/ebooks/17976
Chapter VII, excerpt 45

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