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Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

by Charles T. Munger

4.6 (1612 ratings)
Business Money

Published

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Pages

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Language

English

Publisher

Stripe Press

Available Formats & Prices

View on Amazon

Kindle

$9.99

Hardcover

$22.39

Audiobook

$21.83

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About This Book

From the legendary vice-chairman of Berkshire Hathaway, lessons in investment strategy, philanthropy, and living a rational and ethical life. "Spend each day trying to be a little wiser than you were when you woke up," Charles T. Munger advises in Poor Charlie’s Almanack .

Originally published in 2005, this compendium of 11 talks, delivered by the legendary Berkshire Hathaway vice-chairman between 1986 and 2007, has become a touchstone for a generation of investors and entrepreneurs seeking to absorb the enduring wit and wisdom of one of the great minds of the 20th and 21st centuries. Edited by Peter D. Kaufman, chairman and CEO of Glenair and longtime friend of Charlie Munger—whom he calls “this generation’s answer to Benjamin Franklin”—this abridged Stripe Press edition of Poor Charlie’s Almanack features a brand-new foreword by Stripe cofounder John Collison.

Poor Charlie’s Almanack draws on Munger’s encyclopedic knowledge of business, finance, history, philosophy, physics, and ethics—and more besides—to introduce the latticework of mental models that underpin his rational and rigorous approach to life, learning, and decision-making. Delivered with Munger’s characteristic sharp wit and rhetorical flair, it is an essential volume for any listener seeking to go to bed a little wiser than when they woke up.

Introduction

Explore the essence of timeless wisdom and robust intellect with "Poor Charlie’s Almanack." Charlie Munger, known as Warren Buffett's right-hand man, shares a treasure trove of insights combining humor with thought-provoking reflections. Through anecdotes, essays, and speeches, Munger imparts essential life lessons, transcending traditional notions of finance and business. This work encapsulates his philosophy, providing readers with a rare glimpse into the mind of one of the most respected investors and thinkers of our time.

Key Takeaways

Charlie Munger emphasizes the importance of multidisciplinary thinking to solve complex problems effectively. Lifelong learning and curiosity are crucial for personal and professional growth according to Munger's wisdom. Munger encourages embracing failure as a learning tool and a stepping stone towards future success.

Detailed Description

Poor Charlie’s Almanack" is an enchanting compilation of Munger\'s profound insights cleverly interwoven with humor and candidness. The book delves into Munger\'s investment strategies offering readers a practical guide to navigating the business world. His distinctive mindset encourages thinking differently often going deeper than the surface.

This compilation is not merely a guide for financial or business professionals—it’s equally a manual for life. Munger's emphasis on multidisciplinary learning highlights the value of having diverse knowledge. Through engaging anecdotes the work advocates for continuous education and intellectual curiosity.

Munger’s wit permeates every page presenting complex ideas with clarity and simplicity. Readers are introduced to the 'mental models' approach a strategy Munger champions for decision-making. This concept emphasizes understanding and applying concepts from various disciplines.

The book is rich with speeches and essays embedding Munger's robust philosophy alongside practical advice. It serves as a motivational force encouraging readers to continuously seek knowledge understand failure and challenge conventional thinking. Munger's life experiences distilled into engaging narratives make this book a timeless resource.

Comprehensive and accessible Poor Charlie’s Almanack" is more than a collection of thoughts. It stands as a testament to the power of intellectual rigor and curiosity. Munger\'s legacy lies not only in wealth but within the profound life lessons captured within these pages.

Standout Features

Charlie Munger’s unique multidisciplinary approach sets this book apart advocating for a deep integration of varied knowledge to tackle real-world challenges This methodology encourages readers to reevaluate their problem-solving strategies The exceptional wit and humor embedded within Munger's narrative not only keep readers engaged but also make profound philosophical and financial concepts accessible and relatable This blend creates an inviting and impactful reading experience Through practical examples and real-world applications the book bridges the gap between theory and practice Munger’s insights into the nature of investing and living wisely inspire a transformative journey for all who delve into his work.

Book Details

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Specifications

Pages:Not found
Language:English
Published:Not found
Publisher:Stripe Press
Authors:Charles T. Munger

Rating

4.6

Based on 1612 ratings

Customer Reviews

Book Condition was As Described !!!

Verified Purchase
larry k
September 17, 2024

Quick Delivery !!!

Poorly organized and editied

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woodNfish
April 19, 2024

I have very mixed feelings about this book both because of the way it is organized and the information it contains. The first part of the book is a major disappointment and I almost stopped reading it after slogging through it. It was deep in every negative sense of the word - nothing more than a Charlie Munger suckfest with little substance except for the last 4 pages which provide a list outlining Munger's Investment Principles Checklist. The most useful part of the book are the talks Munger gave to various audiences dispensing his nuggets of wisdom. However, this part of the book is poorly organized and edited. The first problem is Munger refers to his nuggets as "models" and what he means by that is never defined. You discover through reading that he is talking about things like compound interest - that is one model. Munger had about 100 models he used to analyze companies to determine if their shares or the company was worth buying, but most of those models are not clearly defined in his talks until you get to Talk 11 - the last one in the book. Talk 11 should have been the first one you read so you would know what Munger was talking about in the other talks. Talk 3 for example is full of holes where the editor took out whole sections of Munger's talk because Munger refers to them in later talks the result being that you have no idea what Munger is talking about! This idiotic organization and editing made me want to slam the book to the floor for trying to parse useful tidbits of information out of the text! I suggest you read the book in reverse, beginning with the last talk so you have a good base of what Munger is talking about in the preceding talks and avoid the negative effects of the stupid editing. You can read Munger's Investment Principles at the end of the suckfest anytime.

Deep thinker that explains his ideas in a way a 5 year old could understand

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Edgehaha
June 16, 2024

Charlie Munger was a great thinker and quite humorous. I don't read a lot, but I've burned through over 130 pages in about 2 hours. I loved his speech about all the ways you can make yourself miserable in your pursuit to be happy. Just a wonderful read thus far.

Really Enjoyed the Book!

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Charles Becker
June 11, 2024

A little difficult to follow at times because my mind tended to wander with the wit and humor of Charlie Munger. I enjoyed the book immensely. Loved the example about Delta Airlines trying to meet the new evacuation requirement. I bought three copies to give as gifts.

Wisdom presented in a fun way

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Yurong Chen
May 19, 2024

It’s nice to tap into the wisdom of a great person and feel enlightened through reading. Lots of fun stories make it easy to read and to think about own experiences.

Great read but lots of jargon and long, unnecessary sentences

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Kenny Hoang
January 1, 2024

Great book that teaches about mental model and the need for multidisciplinary approach. Just thought the publisher could make the book a bit simpler to digest? Its like eating a bunch of screwdrivers reading this LOL.

An Interesting Story, With Lots Of Wisdom Included

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Bob in Central Oregon
May 27, 2024

Exposure to the casual wit and extensive wisdom of Charlie Munger primed me to grab the book and try to absorb a bit more. The wit doesn't translate as well to paper as a long life's worth of wisdom does. The book is structured with an opening section that shares a lot of the life background that prepared Charlie Munger for his future. Starting in post-depression Nebraska working in the Buffet store, then on to law school and much more, the story builds through the early association with Warren Buffet, and the broad learning paths through independent learning and a voracious appetite for knowledge. That appetite for knowledge is an enduring theme throughout the book and his life. Hw worked hard to impart that same love of broad learning and wisdom to family, friends, business associates and students along the way. The lessons and the delivery are both top tier. The rest of the book is a series of descriptions of lectures Charlie gave later in life primarily at various learning institutions. Primarily law and business schools it seems, but a couple others thrown in too. The common theme is to always be open to learnings from outside your focus discipline, and integrate all those outside learnings to build a broad base to continuously build on. I'm 20+ years Charlie's junior, and can see where the guidance he shares would have made my early career a bit smoother. That said, I think it would be great for people to read and learn from Charlie starting early, then re-read at life intervals that allow one's own life experiences and situations to benefit from regular course-corrections based on the ideas shared in the book. I know too many youngsters who have attention focus based on continuous screen movement and action; few may initially appreciate the pleasure of reading a good book like this. But a read in mid-teens, and again as major decision points arise, would help most people tremendously. Some of us have had the great fortune to have mentors along the way. Even if you already have that, adding another lesson or twelve from Charlie can only benefit. Yes, I highly recommend this book. It should almost be essential reading from those stepping up to and stepping through their lives and careers. It's that good.

Practical and influential

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Kindle Customer
September 12, 2024

These are words of wisdom from a great man. It will greatly shorten your learning curve in investing and business as well as extend your life of an investor. It took a while to read the whole thing, as i was only able to read in portions, yet it was worth the time.