Poor Charlie’s Almanack is an enlightening compilation of wisdom from Charlie Munger, the renowned vice chairman of Berkshire Hathaway and lifelong partner of Warren Buffett. This thought-provoking collection delves into Munger's unique principles of investing, decision-making, and life philosophy, rich with wit and insight. Through anecdotes, illustrations, and a treasure trove of mental models, readers are inspired to think critically and embrace diverse perspectives. Munger’s emphasis on lifelong learning and rational thought challenges conventional thinking and encourages harnessing multidisciplinary knowledge for personal and professional success. Unlock the secrets of Munger’s remarkable intellect and discover how they can transform your approach to wealth and wisdom.
By Charles T. Munger
Published: 2023
"Investing is waiting."
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 eleven 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 reader seeking to go to bed a little wiser than when they woke up.
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“Investing is waiting.”
Poor Charlie’s Almanack
By Charles T. Munger
Discover a world of knowledge through our extensive collection of book summaries.
Charles T. Munger is an esteemed American investor, businessman, and philanthropist, best known as the vice chairman of Berkshire Hathaway, the conglomerate led by Warren Buffett. Born on January 1, 1924, in Omaha, Nebraska, Munger developed a keen intellect and astute understanding of economics, law, and complex financial systems. He co-founded the investment firm Wesco Financial Corporation and has played a pivotal role in various successful ventures, advocating for value investing and rational decision-making. Munger is also recognized for his philanthropic efforts, particularly in promoting education and scientific research, through significant contributions to institutions like the University of California, Santa Barbara. A lifelong learner, Munger’s insights and wisdom have made him a respected figure in the world of finance and beyond.
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