The Investor's Shelf — one book
Tao Te Ching

Tao Te Ching

Lao Tzu
2017
126 pages · about 2h 6m to read OL40384169Wgoodreads

Summary

The Tao Te Ching is a Chinese text of about five thousand characters in eighty-one short chapters, traditionally attributed to Laozi and probably assembled between the sixth and fourth centuries BCE. It is the foundational text of Daoism and one of the most translated works in existence.

The text works through paradox and negation. The Dao cannot be named or described, and the opening line states that the Dao that can be spoken is not the enduring Dao. Its central practical concept is wu wei, usually translated as non-action or effortless action, which means acting in accordance with how things are rather than imposing force against them. Water is the recurring reference, since it yields, takes the shape of what contains it, and wears down what is hard.

A substantial portion addresses rulers directly, arguing that the best ruler is barely noticed by the people, that governing a large state resembles cooking a small fish and should not involve constant interference, that laws and prohibitions multiply crime rather than reduce it, and that a ruler who does not compete cannot be competed against.

Other recurring themes include the value of emptiness, since a vessel is useful because of the space inside it; the argument that knowing when you have enough is the definition of wealth; and the claim that softness overcomes hardness. Translation differences are enormous and versions vary to the point of disagreeing about meaning. The text resists systematic reading and rewards repeated returning. Readers looking for argument or instruction will find neither. Its business readership comes from the arguments about minimal intervention and about leadership that does not require visible control.

Key takeaways 8

  1. The most effective action works with how things already tend to move rather than imposing force against them.
  2. The best leader is barely noticed, and when the work is finished the people say they did it themselves.
  3. Constant intervention in a system produces the disorder it intends to prevent, so governing should be minimal and infrequent.
  4. Multiplying laws and prohibitions increases the behaviour they target rather than reducing it.
  5. Emptiness is what makes things useful, since a room is useful because of the space and a vessel because of what it does not contain.
  6. Knowing when you have enough is the definition of being wealthy, and accumulation without that knowledge produces no sufficiency.
  7. What is soft and yielding overcomes what is hard and rigid, which the text illustrates repeatedly with water.
  8. A person who does not compete cannot be competed against, which removes the basis for opposition rather than winning it.

Who should read it

Leaders drawn to minimal intervention and indirect influence, willing to read a paradoxical text that resists direct application.

Where it sits in the reference 0

No entry holds this book yet. It reached the reference because someone recommended it.

Who recommended it 9 · 1 direct

Book Notes & Reviews — nateliason.com
David Perellreported
Superbook reading list
“A recommended favorite among his philosophy reads.”
Jack Dorseyreported
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Jack Mareported
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Maria Popovareported
Superbook reading list
“Lao-tzu's text appears in Popova's writing on paradox and receptivity — the passages on yielding as strength and emptiness as capacity. She returns to it when writing about how to hold uncertainty without resolving it prematurely.”
Book recommendations listed on their Good Books profile · aggregator only
Book recommendations listed on their Good Books profile · aggregator only
Tim Ferrissreported
Book recommendations listed on their Good Books profile · aggregator only
Book recommendations listed on their Good Books profile · aggregator only

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