Poor Charlie’s Almanack

From the legendary vice-chairman of Berkshire Hathaway, lessons in investment strategy, philanthropy, and living a rational and ethical life."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.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 encyclopedic 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.

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 OneHarvard School Commencement SpeechTalk One Revisited

Talk TwoA Lesson On Elementary, Worldly WisdomTalk Two RevisitedWorldly Wisdom, Updated: Q&A with Charlie
Talk Three A Lesson On Elementary, Worldly Wisdom, RevisitedTalk Three Revisited

Talk FourPractical Thought about Practical Thought?Talk Four Revisited

Talk FiveHarvard Law School 50th Reunion AddressTalk Five Revisited

Talk SixInvestment Practices of Leading Charitable FoundationsTalk Six Revisited

Talk SevenPhilanthropy RoundtableTalk Seven Revisited

Talk EightThe Great Financial Scandal of 2003Talk Eight Revisited

Talk NineAcademic EconomicsTalk Nine Revisited

Talk TenUSC Gould School of Law Commencement Address
Talk ElevenThe Psychology of Human MisjudgmentTalk Eleven Revisited

Appendix
Endnotes
Recommended Reading
Acknowledgments
Index