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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Munger talks about psychology, human errors and how to fix them.
Lists with This Book. Under those rules, you’d really think carefully about what you did Business Insider December 9 at 6: The book is a collection of Mr. Thanks for telling us about the problem.
Averaged out, money is a mainspring of modern civilization, having little precedent in the behavior of nonhuman animals. Sep 01, Constantin Minov rated it it was amazing Shelves: Join Group settings More. He is coined with the modern concept of a the ‘Multiple Mental Model’, a verily profound thought that basically is the polar opposite of specialization.
Munger writes about the importance of becoming a lifetime learner. Here’s a representative exhortation to college students: We think you ought to keep plugging along, and stay rational, and stay energetic. Do be prepared for an almost fan-boy level of love for Benjamin Franklin.
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. Discharge your duties faithfully and well. More humility would go much longer way and, fairly speaking, I’m not cnarlie about what business partners or children think about the author’s personality, especially taking into account psychological bias to speak nicely and sugar-coat in such circumstances – the book consists of a dozen of public talks given by Charlie Munger on various occasions.
View all 3 comments. Full review and highlights at http: How to make wise decisions. 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. Nevertheless, the book mungef two flaws that distract from overall superb impression and could be remedied with simple editing: But you’ve got to learn a lot more that they don’t teach because they don’t handle their own subjects corectly ” “If something is very important but can’t be perfectly and precisely demonstrated because of ethical constraints, you can’t just meant it like it doesn’t exist.
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.
That kind of decision-making skill can serve every area of our lives. Their approach to investing is interesting, because they understand that each decision takes a lot of work to get right.
Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger
Some of it on business and investing, but most of it is applicable to any aspect of life. Nov 28, Jonna Gjevre rated it really liked it Shelves: I’m not gonna praise Munger’s muner again. You’ve made an enormous commitment to something. As Lord Keynes pointed out about his exalted It is a book about how to think.
Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger by Charles T. Munger
He is famous in qualitative investment circles, but rather unknown to the rest of the investment world. Basically, you attain the major almaanc of the big disciplines, the more disciplines you have the wider your perspective is, therefore the more objective you are towards problems. Just all the old virtues still work.
Benjamin Franklin and Cicero to name two. If you’re completely new to economics, cognitive psych, complexity theory, evolution as well as a couple of the other subjects Munger touches on, don’t let my review dissuade you, you’ll likely benefit from this book more than I did.
December 10 at 3: My way of coping. I would like to end this synopsis with a few quotes that I found pertinent in this book: