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Poor Charlie’s Almanack

Charlie Munger · edited by Peter D. Kaufman

Good judgment starts with noticing how we go wrong.

A collection of Munger’s talks on learning, judgment, character and psychological biases. Read it for ways to examine a problem from more than one angle.

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Why Buffett recommends it

Charlie’s wisdom will improve your life as it has mine.

— Warren Buffett
2023 shareholder letter · published in 2024 ↗

He wanted readers to benefit from wisdom that had helped him.

Buffett grounded the recommendation in his own experience. At the start of the same report, he described how Munger reshaped his business thinking and repeatedly helped him correct old habits. The endorsement comes from years of working together.

OUR READING

Why is it worth reading?

The book offers a route into an important influence on Buffett: how Munger learned, judged and corrected mistakes. The talks are Munger’s; Buffett’s endorsement tells us that their wisdom also mattered in his own life.

Who this book is for

Adults who enjoy rereading, taking notes and examining how they make decisions.

A way into the book

Start with the discussion of human misjudgment and compare it with a recent decision of your own.

Poor Charlie’s Almanack

Other languages and regions
English edition · publisher’s introduction ↗
Another book to exploreLimping on Water →

Forty years of working life, with an inside view of Tom Murphy.

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