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

by Charles T. Munger

From the legendary vice-chairman of Berkshire Hathaway, lessons in investment strategy, philanthropy, and living a rational and ethical life. “A timeless classic that will change how you approach life. There is a billion-dollar education inside this book.” —Shane Parrish, founder of Syrus Partners and Farnam Street

380 pages, Paperback

Published January 1, 2022

About the author

Charles Thomas Munger is an American business magnate, lawyer, investor, and philanthropist. He is Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by Warren Buffett; in this capacity, Buffett describes Charlie Munger as "my partner." Munger served as chairman of Wesco Financial Corporation from 1984 through 2011 (Wesco was approximately 80%-owned by Berkshire-Hathaway during that time). He is also the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.

Reviews

[Greg · Rating 5 out of 5]

Timeless, sage advice from one of the most understated yet successful investors in US history.

Charlie Munger was witty and had a cutting sense of humor while bringing everything to simple and basic fundamentals.

His approach to life, steeped in stoic patience, is strongly needed in today's world.

[Ming Qian · Rating 3 out of 5]

Key ideas include the merits of thinking in a multidisciplinary way.

However, the style of writing can be rather verbose and difficult to follow. Given that it’s also a collection of talks, some of these ideas also tend to be repetitive.