I have been re-reading Poor Charlie’s Almanack over the past few days in preparation of my upcoming Mastermind course.
This is my fifth reading of this wonderful book, and it seems I am going through it for the very first time.
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 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.