The Wit and Wisdom of Charles T. Munger: Poor Charlie’s Almanack, Seeking Wisdom, The Most Important Thing, and A Few Lessons for Invenstors and. Poor Charlie’s Almanack has ratings and reviews. Ian said: Best known as Warren Buffett’s long-time and media-shy investment partner, and as th. Poor Charlie\ almanack: rhc \\It:tnd “”dom of Charles T.\Iunger I edited b’ .. well, all thanks to the wit, wisdom, speeches, and writings of Charlie Munger-this.
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Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger by Charles T. Munger
Return to Book Page. Munger by Charles T. Edited by Peter D. HardcoverExpanded Second Editionpages. To see what your friends thought of this book, please sign up. To ask other readers questions about Poor Charlie’s Almanackplease sign up.
Which country in Latin America did they use Psychology to reform there Economy? Hi, Is Poor Charlie’s Almanack: Munger available in audio book format? I am finding it difficult to find one. Can anyone give me the Link?
See 2 questions about Poor Charlie’s Almanack…. Lists with This Book. Mar 30, Ian Robertson rated it really liked it. The bulk of the text though is, as the subtitle suggests, the wit and wisdom of Mr. Munger as conveyed through various speeches in the last couple decade or so before In his opinion, both academic theory and Wall Street fail retail investors, and while indexing is far better than the alternative flawed approaches which mostly benefit Wall Street and not investorshe has specific advice for those wishing to best the averages.
False precision based on physics envy, destined to recur, and a central reason why the two percent, like Munger and Buffett, are able to beat the market. The book concludes with a longer text weaving together Mr. Though it almaanc likely have a narrow readership, this book is a rare combination of insight, wit, and achievement, strung together with very capable editing charlei a interesting and visually appealing layout. I’m not gonna praise Munger’s wisdom again.
Other reviewers did the job very well. It’s shorter without lacking depth nor scope, but gives a great ‘introduction’ into Munger’s and Buffet’s way of thinking. Straight to the point. After reading Seeking Wisdom you probably long for more Munger wisdom. Then go for Poor Charlie’s Almanack.
Harold Ship what is Seeking Wisdom? Dec 24, Poor Charlie got on my list because Drew Houston of Dropbox said it was one of the best books he had ever read. After blasting through it…. This is a book that talks a lot about how great and almajac Charlie Munger is, but comes up a bit short in the actual wisdom-dispensing department. There Poor Charlie got on my list because Drew Houston of Dropbox said it was one of the best books he had ever read.
Also, potential readers should be forewarned – this is an enormous coffee-table-style book. A bit ridiculous if you ask me! Full review and chxrlie at http: Nov 28, Jonna Gjevre rated it really liked it Shelves: Munger’s book is called an almanack for a reason, since it’s not really an autobiography of the legendary investor, not really an investment guide, alamnac really anything easy to categorize.
I would call it a portrait of a remarkable mind. As Munger sees it, we could do worse than to emulate Albert Einstein, who once said his successful theories came from “curiosity, concentration, perseverance, and almwnac. Munger suggests that much of success in life isn’t about having great strokes of genius; rather, it’s about avoiding folly. We need to avoid addiction, avoid envy and resentment, avoid toxic and dishonest people, avoid making disastrous mistakes.
If you bat away many things, you don’t clutter yourself. Recognizing wisdom is important, too. Munger points out that anyone capable of reading critically can drill into the content of their mungee for usable ideas. We have the priceless benefit of other people’s experience, conveniently compiled into books, so chrlie should we learn all of life’s hard lessons ourselves?
But that’s not enough: Most people don’t grab the right ideas or don’t know what to do with them. Munger would patiently sit on tens of millions of dollars chaflie months or years, waiting for the right opportunity to come along. I didn’t get to where I am by going after mediocre opportunities. Opportunity comes to the prepared mind.
Your goal shouldn’t be to throw stuff at the wall in the hopes of seeing what sticks. You should be working hard in a focused way, putting your best efforts into your best ideas. When you find something that really matters, go all in. Carlie terms of investing, this concept of saving your attention for the big idea is developed further almznac the image of the twenty-hole punch card. Paraphrasing Buffett, Munger says: Once you’d punched through the card, you couldn’t make any more investments at all.
Under those rules, you’d really think carefully about what you did It’s better to do twenty things that you’ve analyzed carefully, than to do hundreds of things that you haven’t thought much about. Munger urges readers to be self-aware.
Know your own “circle of competence. Don’t follow like sheep without knowing where or why. Here’s a representative exhortation to college students: Discharge your duties faithfully and well. Step by step you get ahead, but not cbarlie in fast spurts. But you build discipline by preparing for fast spurts. It’s easy to get discouraged when you don’t see fast progress, but the discipline of steady effort prepares you for those spurts when your efforts will pay off.
Aug 15, Dmitry Loktev rated it kunger was amazing. You want to deliver to the world what you would buy if you were on the other end. View all 9 comments. This review has been hidden because it contains spoilers. To view it, click here. One of the best books on business and psychology I’ve read. I really appreciate this chsrlie and that Munger took this effort to create a book because it provides a number of really valuable insights about people and business.
View all 3 comments. Things that stood out to me from Charlie Munger: Slug it out one inch at charlir time, day by day. At the end of the day – if you live long enough – most people get what they deserve.
You’d be amazed at how much Warren [Buffett] reads — at how much I read. My children laugh at me.
Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger
They think I’m a book with a couple of legs sticking out. Robert Alanac called Influence, which I will be reading soon. Sep 21, Simon Eskildsen rated it it was amazing Shelves: This is likely the most important book I’ve read to date. Ultimately, this is a book about how one of the most successful investors in history has structured his way of thinking. His approach of adopting the best mental models from all disciplines applies to anyone.
Charlie is simply brilliant, and this book is a fantastic summary of his views. What he preaches is to understand the big ideas in all the big disciplines, instead of becoming yet another “man with a hammer”. The book is filled with r Almanax is likely the most important book I’ve read to date. Charrlie book is filled with references to the most important mental models in a dozen disciplines, and I’ve spent hours and hours deep in Wikipedia chalrie holes from interesting sources and references.
This is why it took me months to go through. As Charlie says, “In my whole life, I have known no wise people over a broad subject matter area who didn’t read all the time — none, zero. It’s filled with analogies from Captain Cook to Planck, and touches on subjects from psychology, to biology, to aviation, to economics, to mental models from engineering.