From the legendary vice-chairman of Berkshire Hathaway, lessons in investment strategy, philanthropy, and living a rational and ethical life.
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.
Poor Charlie's Almanack draws on Munger's encyclopaedic 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.
'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
'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.
Table of Contents: Foreword by John B. Collison
Foreword by Warren E. Buffett
Rebuttal by Charles T. Munger
Introduction by Peter D. Kaufman
Chapter 1 A Portrait of Charles T. Munger
Chapter 2 Remembering: The Children on Charlie
Chapter 3 The Munger Approach to Life, Learning, and Decision-Making
Chapter 4 Eleven Talks
Talk One
Harvard School Commencement Speech
Talk One Revisited
Talk Two
A Lesson On Elementary, Worldly Wisdom
Talk Two Revisited
Worldly Wisdom, Updated: Q&A with Charlie
Talk Three
A Lesson On Elementary, Worldly Wisdom, Revisited
Talk Three Revisited
Talk Four
Practical Thought about Practical Thought?
Talk Four Revisited
Talk Five
Harvard Law School 50th Reunion Address
Talk Five Revisited
Talk Six
Investment Practices of Leading Charitable Foundations
Talk Six Revisited
Talk Seven
Philanthropy Roundtable
Talk Seven Revisited
Talk Eight
The Great Financial Scandal of 2003
Talk Eight Revisited
Talk Nine
Academic Economics
Talk Nine Revisited
Talk Ten
USC Gould School of Law Commencement Address
Talk Eleven
The Psychology of Human Misjudgment
Talk Eleven Revisited
Appendix
Endnotes
Recommended Reading
Acknowledgments
Index
