Poor Charlie's Almanack
by Charles T. Munger, edited by Peter D. Kaufman
Munger's talks and writings, including the psychology of human misjudgment, the latticework of mental models and the value of inverting problems, in a handsomely produced volume reissued by Stripe Press. It is dense, funny and demanding, the best single source on multidisciplinary thinking from a practitioner who used it to get rich.
Read it if…
you want to think across disciplines and learn from the most quotable investor alive, now gone.
Skip it if…
you want a quick read; it is a reference to live with.
Three things you will actually use
- Invert, always invert.
- Build a latticework of models from many disciplines.
- Avoid stupidity rather than seeking brilliance.
Do this first
Read the talk on the psychology of human misjudgment and list the three tendencies you see most in yourself.
Our verdict
Dense, wise and worth owning.
Compare with other Mindset books
The Great Mental Models
Shane Parrish and Rhiannon Beaubien · Mindset
Well-made starter set.
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