Book 10: Home and Court
Book 10 is different from the others. It’s not a collection of quotes. It’s a record of what people observed about Confucius in his daily life. It’s basically a “Day in the Life” of a philosopher.
Book 10 is different from the others. It’s not a collection of quotes. It’s a record of what people observed about Confucius in his daily life. It’s basically a “Day in the Life” of a philosopher.
If you can’t run the numbers, you aren’t an investor, you are just guessing. Being a deal maker means knowing exactly what a property is worth and how much you can afford to pay for it.
So, here’s the thing: trying to write a biography of Confucius is a total nightmare. When Meher McArthur started this book, a scholar straight-up told her it was impossible. And honestly? They weren’t wrong.
Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4
Bogle gives this chapter one of his best subtitles: “Nothing Fails Like Success.” And if that sounds backwards to you, that’s exactly the point.
Book 9 is interesting because it starts by telling us what Confucius didn’t talk about. He rarely spoke about “profit” or “destiny” because those things are complicated and often out of our control. He wanted to focus on what we can change.
So, we’re talking about Confucius. You’ve probably heard the name, maybe seen some “Confucius says” memes that are honestly kind of cringe. But here’s the thing: this guy was basically the original influencer, and he did it all without a smartphone or a single follower on social media.
Some people think direct mail and cold calling are dead, but those people are usually the ones doing it wrong. When you do these professionally and ethically, they are still power moves for finding off-market deals.
Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4
Bogle calls this chapter “Happiness or Misery?” and borrows from Charles Dickens to make his point. Specifically, he pulls out Mr. Micawber’s famous formula from David Copperfield. Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
Book 8 is where we hear a lot from one of the younger students, Master Zeng. It’s a book that focuses on the long-term commitment it takes to actually have integrity.
If you want the absolute best deals, you have to go direct to the seller. When you skip the middleman, you can negotiate better prices and find hidden gems that aren’t listed anywhere. But let’s be real: this takes either time or money.