If I were to rank the books that changed my life, Poor Charlie’s Almanack would be right up there. Even after reading the book a few times, every time I turn its pages, I can feel a sense of wonder and amazement at the immense wisdom these pages carry.
Unlike what many people think, this book is not a ready reckoner on how to become a successful investor. In fact, it’s much more than that.
It’s a book on how to live a happy, sensible and rich life and in the process become a better thinker and investor. As you read through the book, some of Charlie Munger’s ideas will inspire you, and some will make you uncomfortable. But all will challenge you to think outside the box.
The third chapter of Poor Charlie’s Almanack captures “Mungerisms”, where Munger dispels hundreds of ideas on subjects ranging from life, investing, academia, financial engineering, accounting, money management business, and managements.