CHARLIE MUNGER ALMANAC PDF

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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People who make good decisions do exactly that. Your goal shouldn’t be to throw stuff at the wall in the hopes of seeing what sticks.

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. Actually Rome took a while to get started because they valued the fundamentals of their empire. The last section of the book contains a nice primer on the common psychological biases and how they can blind you. Just be glad you’re not Katie right now – she’s been hearing me talk about this book non-stop. Warren Buffett, Berkshire Hathaway chairman and CEO, talks about volatility in the market, the value of American business and what to look for when investing The bulk of the text though is, as the subtitle suggests, the wit and wisdom of Mr.

Often, they just go aground in the more difficult voyages they choose, relying on their self-appraisals that they have superior talents and methods”. I don’t believe it is at all misplaced though it did lead to several more book purchases. Straight to the point. Munger urges readers to be self-aware. 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.

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View all 3 comments. It blends economics with psychology, which I absolutely love. Although money is the main driver among rewards, it is not the only reward that works. Instead, the new ideas were not accepted because they were inconsistent with old ideas in place.

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

Every page a treat with an avuncular and wise friend. We have the priceless benefit of other people’s experience, conveniently compiled into books, so why should we learn all of life’s hard lessons ourselves? You’ve poured effort and money in. This review has been hidden because it contains spoilers.

And the more you put in, the more that the whole consistency principle makes you think, “Now it has to work. He talks at length about psychology and how important it is and how it can be improved, along with lots of other b I feel like I rate every book 5 stars these days, but there are just so many great books. To take his thinking to the next level, I recommend Thinking, Fast and Slow. Step by step you get ahead, but not necessarily in fast spurts.

After reading Seeking Wisdom you probably long for more Munger wisdom. December 28 at 9: We need to avoid addiction, avoid envy and resentment, avoid toxic and dishonest people, avoid making disastrous mistakes.

He finds that in order to be effective in life we must embrace learning fr An impressive tome from the relatively obscure Charlie Munger, Managing Partner at Berkshire Hathaway–Warren Buffett’s company. Sep 01, Constantin Minov rated it it was amazing Shelves: How to analyze any situation.

Can you believe it happened again. Munger suggests that much of success in life isn’t about having great strokes of genius; rather, it’s about avoiding folly.

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

It’s filled with analogies from Captain Cook to Planck, and touches on subjects from psychology, to biology, to almznac, to economics, to mental models from engineering. This is why it took me months to go through. This article needs additional citations for verification. He is famous in qualitative investment circles, but rather unknown to the rest of the investment world.

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Following these, are the speeches delivered by Munger through the years of which the last one is just too good, on psychological tendencies and mistendencies. He goes over memorized checklists to understand psychological effects and how they compound on each other. The best part mnuger the introduction into 25 biases with a detailed description of some antidotes to errors of misjudgment and how to fix them.

Poor Charlie’s Almanack – Wikipedia

Thanks for telling us about the problem. Lists with This Book. This is not a fast process – as they say, “Rome was not built in a day”. We think you ought to keep plugging along, and stay rational, and stay energetic. December 10 cnarlie 3: So for those who can’t manage to get the book I would highly recommend this reading for anyone who wants to get the most out of life, as well as gain a perspective on how his investment philosophy.

Munger writes about the importance of becoming a lifetime learner. Join Group settings More. It’s a monster – huge, unwieldily to hold and read, but a truly valuable and insightful book.

Things that stood out to me from Charlie Munger: Charlie Munger is the “silent” partner to Warren Buffet, and after reading both authors’ books about money, economics, and business acumen – I find Charlie Munger far more engaging. You’d be amazed at apmanac much Warren reads–and at how much I read.