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Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Not yet published
Expected 30 Jun 26432 pages, Paperback
Expected publication June 30, 2026
About the author
Charles T. Munger
16 books921 followersCharles 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.
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Review of advance copy
Poor Charlie’s Almanack isn’t a typical business book—it’s more like a collection of lessons on how to think better, make smarter decisions, and avoid costly mistakes.
What stood out to me most is how much emphasis Charlie Munger puts on avoiding stupidity rather than chasing brilliance. A lot of success, especially in business, seems to come from consistently making solid decisions and steering clear of obvious pitfalls, rather than trying to hit home runs all the time.
Another big takeaway is the power of incentives. The book makes it clear that people’s behavior is heavily driven by what’s rewarded, whether it’s in business, investing, or everyday life. That perspective alone changes how you look at problems and why things do or don’t work.
I also liked the idea of building a “latticework of mental models”—basically pulling knowledge from different fields instead of thinking in a narrow lane. It’s a reminder that better decisions usually come from broader understanding, not just more information.
Overall, the book feels less like something you read once and more like something you revisit over time. It’s practical, straightforward, and focused on thinking clearly in situations where most people don’t. From an entrepreneurial standpoint, it’s a strong reminder that discipline, patience, and clear thinking go a long way.
What stood out to me most is how much emphasis Charlie Munger puts on avoiding stupidity rather than chasing brilliance. A lot of success, especially in business, seems to come from consistently making solid decisions and steering clear of obvious pitfalls, rather than trying to hit home runs all the time.
Another big takeaway is the power of incentives. The book makes it clear that people’s behavior is heavily driven by what’s rewarded, whether it’s in business, investing, or everyday life. That perspective alone changes how you look at problems and why things do or don’t work.
I also liked the idea of building a “latticework of mental models”—basically pulling knowledge from different fields instead of thinking in a narrow lane. It’s a reminder that better decisions usually come from broader understanding, not just more information.
Overall, the book feels less like something you read once and more like something you revisit over time. It’s practical, straightforward, and focused on thinking clearly in situations where most people don’t. From an entrepreneurial standpoint, it’s a strong reminder that discipline, patience, and clear thinking go a long way.
Displaying 1 of 1 review