Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger
Charlie Munger, the sharp-tongued and fiercely rational vice-chairman of Berkshire Hathaway, has long operated in the shadow of Warren Buffett. This book makes a compelling case that he deserves a spotlight of his own. Drawn from eleven speeches delivered between 1986 and 2007, it's a distillation of how one genuinely original thinker approached business, ethics, history, philosophy, and the thorny business of making good decisions. The advice is deceptively simple: go to bed a little wiser than you woke up. The substance behind it is anything but. Munger builds what he calls a 'latticework' of mental models, borrowing freely from physics, psychology, finance, and classical philosophy to construct a way of seeing the world that is both rigorous and surprisingly readable. His prose carries a dry wit and a confidence that stops just short of bluntness. Some passages will make you laugh; others will quietly rearrange something in your thinking. Originally published in 2005, the book has since found a devoted audience among investors and entrepreneurs, and it's easy to understand why. It rewards patience and re-reading in equal measure. This is not a quick-fix guide to getting rich or making faster choices. It's something more durable than that: a framework for living and reasoning with a little more clarity and honesty than most of us manage by default.
- Author: Charles T. Munger
- Publisher: Stripe Press
- Genre: Business Strategy
- ISBN: 978-1953953575
- Pages: 432 pages