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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You’d be amazed at how much Warren reads–and at how much I read. This is a book that talks a lot about how great and wise Charlie Munger is, but comes up a bit short in the actual wisdom-dispensing department.
Discharge your duties faithfully and well. You want to deliver munfer the world what you would buy if you were on munfer other end. I read this partly because of my knowledge of Nancy Munger, once on the Stanford Library Visiting committee. A life lesson I’ve learned: Read his book and think better.
Because your jokes per minute are off the charts. When we look at a business only through the books they keep, that is from only a financial perspective, we might miss seeing potential pitfalls of the business’s management, or the potential of their research, or the unique market that they might be creating.
Most people seem to like this book a lot more than I did. Buffett – the abominable no man. Averaged out, money is a mainspring of modern civilization, having little precedent in the behavior of nonhuman animals. 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. If I will be asked what book should one read if they want instant enlightenment, this is the one.
How to make wise decisions. Dec 25, Seth rated it liked it. I will say this book is now added to my favorite list.
Now cahrlie icon of the business world, he joined forces with Warren Buffett in the mids—leaving law to become vice chairman of Berkshire Hathaway and a partner in one of the most successful firms in the world. The Wit and Wisdom of Charles T. One of the best books on business and psychology I’ve read. He goes over memorized checklists to understand psychological effects and how they compound on each other.
Kahnamen’s book is a more exhaustive treatise on the cognitive biases.
Much the modern Muger Franklin. These biases often occur at either conscious or subconscious level, and at both microeconomic and macroeconomic scales. Recognizing wisdom is important, too. Munger shares with us his wisdom and expound them with great examples.
Colorful Charlie as Warren describes him speaks his mind and Munger is a wisdom god.
Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger by Charles T. Munger
Email or Phone Password Forgot account? 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.
Nevertheless, muhger book has two flaws that distract from overall superb impression and could be remedied with simple editing: This looks like a correct reality to me. May 27, Douglas rated it it was amazing Shelves: It is filled with grandfatherly common-sense wisdom.
Actually Rome took a while to get started because they valued the fundamentals of their munge. Munger is an admirer of Benjamin Franklin[ citation needed ] and the book’s title is a tribute to Franklin’s Poor Richard’s Almanack. Sep 21, Simon Eskildsen rated it it was amazing Shelves: Want to Read Currently Reading Read. I really appreciate this book and that Munger took this effort to create a book because it provides a number of really valuable insights about people and business.
Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger
What he preaches is to understand the big ideas in all the big disciplines, instead of becoming yet another “man with a hammer”.
After reading Seeking Wisdom you probably long for more Munger wisdom. So for those who can’t manage to get the book I almost couldn’t please google and read them. 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.
Munger propounds the ‘Multiple Mental Models’  approach to decision making. Just all the old virtues still work. Aug 15, Dmitry Loktev rated it it was amazing.
Retrieved from ” https: But you build discipline by preparing for fast spurts. Everyone should take up this study, the second most pragmatic subject of the soft-sciences. Once in a while, they’ll find something and invest in it. Poor Charlie got on my list because Drew Houston of Dropbox said it was one of the best books he had ever read. The book is a collection of Mr. And the price always seemed to more than reflect the power of the model at that time.